Chinese companies hang onto dollars, hedge to prepare for volatile yuan 中国企业紧抓美元，对冲应对人民币波动中国企业紧抓美元，对冲应对人民币波动
https://www.rappler.com/business/chinese-companies-hang-onto-dollars-hedge-prepare-volatile-yuan/ The yuan had its worst year in 2022 since China unified market and official exchange rates in 1994, dropping nearly 8% as rising US interest rates diverged from falling Chinese ones, supporting dollar gains. Now the prospect of Chinese tourists using foreign exchange for their trips abroad, fresh concerns that US interest rates might […]