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Showing posts with label Chinas foreign exchange swaps may be boon to its own exporters. Show all posts
Showing posts with label Chinas foreign exchange swaps may be boon to its own exporters. Show all posts

Chinas foreign exchange swaps may be boon to its own exporters

To great acclaim from its neighbours, Beijing has opened a series of currency swap lines with Asian countries in need, but the biggest beneficiaries of the largesse might be Chinas own beleaguered exporters. Unlike typical swaps between central banks, Chinas newly inked deals - five in all, totalling 580 billion yuan ($85 billion) - can do little to support currencies against depreciation.

Saturday, March 28, 2009

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