A further tightening of the US dollar market abroad due to coronavirus concerns could put pressure on China. Photo: EPA-EFE A further tightening of the US dollar market abroad due to coronavirus concerns could put pressure on China. Photo: EPA-EFE
A further tightening of the US dollar market abroad due to coronavirus concerns could put pressure on China. Photo: EPA-EFE

Coronavirus: how epidemic could hurt China’s US dollar debt payments

  • Global financial turmoil in the past two weeks has made it harder for China to issue new US dollar bonds to rollover existing debt
  • China has US$2.03 trillion in US dollar debt and needs US dollars to help defend the yuan exchange rate if its trade position deteriorates

Topic |   China economy
A further tightening of the US dollar market abroad due to coronavirus concerns could put pressure on China. Photo: EPA-EFE A further tightening of the US dollar market abroad due to coronavirus concerns could put pressure on China. Photo: EPA-EFE
A further tightening of the US dollar market abroad due to coronavirus concerns could put pressure on China. Photo: EPA-EFE
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