There are two ways of looking at China $34 trillion in public and private debt - either as a ticking time bomb or as a manageable side-effect of its boom. What’s in it for treasurers?
Corporate treasurers and CFOs are backing a weaker renminbi in 2019, betting the People’s Bank of China will weaponise the currency to fight the escalating trade war.
An estimated $2.6 trillion in overseas earnings lurks out of reach of the US tax man and much of it may be in China. Will US tax reforms mean it finally goes home?
The need of Chinese corporate to find billions in foreign exchange to pay overseas shareholders is likely to depress the renminbi. But will it last for long?