Anbang Insurance Group bought the Waldorf Astoria hotel in New York for a record US$1.95 billion in 2014. Photo: Reuters

Is China’s concern over a possible US dollar shortage risk forcing companies to sell overseas assets?

  • China’s need for US dollars to repay debts, pay for imports and fund Belt and Road initiative projects may exceed its US$3.1 trillion in foreign exchange reserves
  • Anbang Insurance Group, Dalian Wanda Group and HNA Group have all been pressured to sell assets amid the trade war with the United States
Topic |   Yuan

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Anbang Insurance Group bought the Waldorf Astoria hotel in New York for a record US$1.95 billion in 2014. Photo: Reuters
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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.