China’s US dollar cross-border claims have risen faster than any other economy’s despite its partially closed capital account. Photo: Shutterstock China’s US dollar cross-border claims have risen faster than any other economy’s despite its partially closed capital account. Photo: Shutterstock
China’s US dollar cross-border claims have risen faster than any other economy’s despite its partially closed capital account. Photo: Shutterstock
China economy
Economy /  China Economy

China is underestimating its US$3 trillion dollar debt and this could trigger a financial crisis, says economist

  • Property developers and other mainland companies and investors that have borrowed dollar-denominated debt at low US interest rates are now facing repayment problems due to Federal Reserve rate increases and stronger greenback

Topic |   China economy
Karen Yeung
Karen Yeung

Updated: 4:27pm, 16 Nov, 2018

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China’s US dollar cross-border claims have risen faster than any other economy’s despite its partially closed capital account. Photo: Shutterstock China’s US dollar cross-border claims have risen faster than any other economy’s despite its partially closed capital account. Photo: Shutterstock
China’s US dollar cross-border claims have risen faster than any other economy’s despite its partially closed capital account. Photo: Shutterstock
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