Comment on China Proposes To Cut Two Thirds Of Its $3 Trillion In USD HoldingsComments−richardw15yChina would love to be less exposed to the dollar. Unfortunately they buy USD mainly to hold down the yuan. Selling USD would mean the yuan would appreciate, reducing their competitive advantage and harming exports.
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China would love to be less exposed to the dollar. Unfortunately they buy USD mainly to hold down the yuan. Selling USD would mean the yuan would appreciate, reducing their competitive advantage and harming exports.