Despite Beijing’s constant complaints about the dollar hegemony over the past decade, the greenback is still the default choice for China’s trade settlement. Photo: Reuters

Fed rate rises, a trade war and US dollar dominance add up to a big headache for Beijing

China is growing more vulnerable to capital outflow pressures – even with some tools at it disposal

Topic |   China economy

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Despite Beijing’s constant complaints about the dollar hegemony over the past decade, the greenback is still the default choice for China’s trade settlement. Photo: Reuters
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