Mar
21
Chinese Problems on America’s Shores
ByIn recent months, there has been a sharp drop in China’s foreign reserves, with lots of families and companies sending dollars overseas as the government cracks down on corruption and the economy weakens. Those fears have not let up, though this month the Chinese central bank did report an abrupt, puzzling slowdown in the outflows in February.
What is known is that people seek a safe haven for their money in uncertain times, and that usually means the United States. This is especially true now that the United States has higher interest rates than other developed economies…
Chinese Problems on America’s Shores
