{"id":405568,"date":"2026-04-30T20:39:08","date_gmt":"2026-04-30T20:39:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/405568\/"},"modified":"2026-04-30T20:39:08","modified_gmt":"2026-04-30T20:39:08","slug":"chinas-fake-de-dollarization-council-on-foreign-relations","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/405568\/","title":{"rendered":"China\u2019s \u201cFake\u201d De-Dollarization | Council on Foreign Relations"},"content":{"rendered":"<p class=\"rich-text type-serif-body4\">SAFE\u2019s published data suggests that the state commercial banks have roughly 70 percent of their foreign currency assets in dollars (well above SAFE\u2019s dollar share). But that probably understates the state banks\u2019 impact on their dollar market. The state banks\u2019 euro, yen, and other non-dollar foreign currency assets are matched by external euro, yen, and other non-dollar foreign currency denominated liabilities. So, the state banks in aggregate look to be borrowing euros and other  currencies to invest in euros and other currencies abroad.<\/p>\n","protected":false},"excerpt":{"rendered":"SAFE\u2019s published data suggests that the state commercial banks have roughly 70 percent of their foreign currency assets&hellip;\n","protected":false},"author":2,"featured_media":405569,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-405568","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/405568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=405568"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/405568\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/405569"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=405568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=405568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=405568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}