According to the data from BIS global liquidity indicators, as of September 2018, most foreign currency credits to China is still denominated with US dollar.

As shown in the right panel, USD dominated all the credits to emerging market economies. China is the one who has borrowed most foreign currency credits, and nearly all of them are denominated in USD.

Follow EconReporter on Twitter, @WITGT21
  • To show your appriciation, sponsor our works through Paypal ;
  • πŸ‘‡ Share this article with you Economics loving friends! πŸ‘‡