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A comment on Evergrande teeters on edge of default as $148M payment falls due. Parent comment

Re:Evergrande teeters on edge of default as $148M payment fa... by baybal2 on Wednesday November 10, 2021 @03:27PM (#29180236)
Short term USD/CNY is clamped by Chinese government currency purchases.

People will only notice when China decides its FX is running low

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Re:Evergrande teeters on edge of default as $148M payment fa... by timomax2 on Sunday November 21, 2021 @04:27PM (#29299910)
Hmmm. Chinese currency is fundementally undervalue though. I don't think this "running low" can happen. Chinese business and gov must have vast USD assets.
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