Chinese authorities have kept foreign reserves stable at around US$3.1 trillion since burning through almost US$1 trillion between mid-2014 and 2017 to defend the yuan. Photo: Bloomberg

Does China have enough US dollars to survive the US trade war?

  • China’s US$3.1 trillion in foreign exchange reserves may not be sufficient to support a crisis in the economy, analysts say
  • Authorities have kept foreign reserves stable at around US$3.1 trillion since burning through almost US$1 trillion between mid-2014 and 2017 to defend the yuan
Topic |   US-China trade war

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Chinese authorities have kept foreign reserves stable at around US$3.1 trillion since burning through almost US$1 trillion between mid-2014 and 2017 to defend the yuan. Photo: Bloomberg
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Karen Yeung

Karen Yeung

Karen Yeung joined the Post in 2017 after more than 15 years' experience on global newswires in Hong Kong and Shanghai. She spent eight years in Shanghai and has received awards for best feature, analysis and agenda-setting.