UBS warns of cur­rency head­winds for China

China Daily (Canada) - - BUSINESS -

Switzer­land-based UBS GroupAGis flag­ging risks from China’s $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 shift in cur­rency and in­ter­est rates as never be­fore be­cause of ex­pand­ing in­ter­na­tional trade and eas­ing for­eign-ex­change reg­u­la­tions, said Stephen An­drews,

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