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UBS warns of risks from China's unhedged debt

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

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.


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...

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