China Daily Reads

China Daily Reads

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China Daily Reads
China Daily Reads
Fed Cuts May Send $1 Trillion FX ‘Avalanche’ to China, Jen Says

Fed Cuts May Send $1 Trillion FX ‘Avalanche’ to China, Jen Says

Aug 27, 2024
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China Daily Reads
China Daily Reads
Fed Cuts May Send $1 Trillion FX ‘Avalanche’ to China, Jen Says
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  • Firms may convert foreign-exchange into yuan as Fed cuts

  • Such a move may lead to a 10% advance in the yuan: Stephen Jen

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