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Chinese companies are aggressively selling US dollars! The foreign exchange settlement surplus reached $51 billion in September, the largest since December 2020.

Chinese companies are aggressively selling US dollars! The foreign exchange settlement surplus reached $51 billion in September, the largest since December 2020.

Chinese companies are selling dollars at the fastest pace in five years. Data released by the State Administration of Foreign Exchange on October 22 show that banks recorded a $51 billion foreign exchange settlement surplus in September, the largest since December 2020. This reflects a significant increase in willingness to
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