markets, was evident in a number of countries. Notably, however, China’s dollar liquidity needs received little attention …. Given China’s deepening economic and financial linkages to the United States and rest of the world, financial instability … Chinese banks and non-financial corporations and show that China’s vulnerability to US dollar funding risk is large and …

China is both a major trading partner of the United States and the largest official holder of U.S. assets in the world … article explains the reasons for this large decline in official assets, what China's policy choices are, and how these choices …

China as a global economic power …

Since the 2008 global financial crisis, China has rolled out a number of initiatives to actively promote the … currency composition of China’s international assets and liabilities. These factors include, among others, underlying valuation …

market countries (Brazil, Russia, India and China), adding constraints that reflect a central bank's desire to hold a sizable …