Re:Evergrande shares plunge as much as 87% as trading resume...
by ww520 on Monday August 28, 2023 @12:50PM
(#37297017)
I assume you were talking about their 3.2T foreign exchange reserve. A large portion of that is foreign direct investment money from outside which needs to be paid back when moved out. China has up to 2.7T foreign debt as of last year, which needs to be paid back in foreign currencies. There're a fair amount of currency needs for facilitating import and export. There's not much left in the pool.
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