Read on Twitter
1/4
For nearly two years I've argued that we were going to see substantial increases in portfolio and FDI inflows into China, and so we are – to the point where I suspect that the PBoC is now wrestling with currency-appreciation concerns and with... https://www.ft.com/content/93ad4482-aa8a-407a-8039-0538457356b3
For nearly two years I've argued that we were going to see substantial increases in portfolio and FDI inflows into China, and so we are – to the point where I suspect that the PBoC is now wrestling with currency-appreciation concerns and with... https://www.ft.com/content/93ad4482-aa8a-407a-8039-0538457356b3
2/4
indirect currency intervention. This will probably continue well into next year, and I don't think we need to worry too much about the risks to financial stability until total portfolio inflows begin to approach roughly half (from roughly 20% today) of the sum of...
indirect currency intervention. This will probably continue well into next year, and I don't think we need to worry too much about the risks to financial stability until total portfolio inflows begin to approach roughly half (from roughly 20% today) of the sum of...
3/4
PBoC reserves and dollars held by state banks.
What I found especially interesting in this article was that "in 2019, China’s outbound FDI was $77bn, less than half the level in 2017". Outbound FDI had probably dropped substantially because of concerns about...
PBoC reserves and dollars held by state banks.
What I found especially interesting in this article was that "in 2019, China’s outbound FDI was $77bn, less than half the level in 2017". Outbound FDI had probably dropped substantially because of concerns about...
4/4
declining reserves, but now that this is no longer a worry, I suspect that next year we will see a revival of Chinese acquisitions abroad as one way for Beijing to manage the inflows.
declining reserves, but now that this is no longer a worry, I suspect that next year we will see a revival of Chinese acquisitions abroad as one way for Beijing to manage the inflows.
