China has stepped up capital controls as the trade war escalates. Photo: Kyodo

Why is US dollar access so restrained in China as trade war rages on?

  • Foreign financial institutions increasingly reluctant to lend US dollars to Chinese banks given worries about financial risks amid the trade war
  • China holding onto US dollars by increasingly restricting business and individual transfers out of the country
Topic |   China economy

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China has stepped up capital controls as the trade war escalates. Photo: Kyodo
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