Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Chinese exporters are starting to stockpile dollars because they don’t expect the yuan to appreciate much more, according to an article in the Wall Street Journal. In the past, companies typically converted the dollars they took in into yuan as quickly as possible. Companies’ switch to hoarding dollars means banks have less foreign currency in reserve.

Treasury & Risk

Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now

Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.