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المشهد العربي
Chinese Firms Foreign Currency Sales Drop
In July, Chinese companies experienced a sharp decline in foreign exchange sales, reaching the lowest level in the past eight months. Data showed that the net sales of Chinese banks in foreign currencies shrank by more than half month-on-month, marking the lowest reading since November 2025. This decline reflects a cautious outlook among companies and investors regarding the future of the local currency, due to domestic economic challenges and expectations of no interest rate cuts in the U.S., which is widening the yield gap between Chinese bonds and American bonds.
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