China in 2 minutes a day
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China Inc.’s large dollar debts fuel Beijing’s efforts to curb yuan plunge

Though the People's Bank of China doesn't give detailed breakdowns of Chinese companies' foreign debt, more than half of it is in U.S. dollars, according to economists and analysts."
10 months ago
Jiayun Feng
By Jiayun Feng
Jiayun is a Chinese native and was born in Shanghai, where she spent her first 20 years and earned a bachelor’s degree in journalism at Fudan University. Interested in writing for a global audience, she attended the NYU Graduate School of Journalism for its Global & Joint Program Studies, which allows her to pursue a journalistic career along with her interest in international relations. She has previously interned for Sixth Tone and Shanghai Daily.
China in 2 minutes a day
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