You are here

UBS warns of risks from China's unhedged debt

Fears that bets against USD in US$1t foreign debt pile could unwind

BT_20141225_FLAG25_1427086.jpg
DECLINING VALUE: The renminbi is heading for a 2.8% loss in 2014 as the dollar gains on Fed plans to raise interest rates and the PBOC cuts borrowing costs.

Singapore

UBS Group AG is flagging risks from China's US$1 trillion worth of unhedged foreign debt as forecasters see bets against the greenback unwinding in 2015.

The world's second-largest economy is exposed to shifts in currency and interest rates as never before because of...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes