In May, China posted a record trade surplus of US$62.93 billion, largely down to a sharp drop in imports due to weak domestic demand. Photo: Xinhua
In May, China posted a record trade surplus of US$62.93 billion, largely down to a sharp drop in imports due to weak domestic demand. Photo: Xinhua
Economy /  China Economy

Could US sanctions over Hong Kong national security law worsen China’s US dollar shortage?

  • Analysts say the proposed national security law for Hong Kong could mark the beginning of a process cutting China’s access to US dollars
  • China recorded a current account deficit in the first quarter of 2020, meaning it was a net exporter of US dollars

Karen Yeung
Karen Yeung

Updated: 9:40am, 8 Jul, 2020

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In May, China posted a record trade surplus of US$62.93 billion, largely down to a sharp drop in imports due to weak domestic demand. Photo: Xinhua
In May, China posted a record trade surplus of US$62.93 billion, largely down to a sharp drop in imports due to weak domestic demand. Photo: Xinhua
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