Reported about 1 month ago
Goldman Sachs is refuting warnings about a massive influx of yuan repatriation, suggesting that many companies remain reluctant to forsake their dollar assets. While some estimates predict potential inflows of up to $1 trillion, Goldman analysts argue that actual dollar hoarding is much smaller, around $400 billion since mid-2022. They warn that China's persistent economic weaknesses will likely hinder the yuan's performance against other currencies despite its recent gains.
Source: YAHOO