Demand for the US dollar is growing in China.

The unprecedented strengthening of the US dollar caused an increase in demand around the world, even those who are usually pessimistic about the US currency became interested in it.
China was no exception; demand began to grow from the beginning of the year, and after Trump’s victory in the elections, the trend intensified even more.

There are several reasons for this situation:

1. Firstly, this is a massive withdrawal of capital from the territory of the Middle Kingdom, which only intensifies with the slowdown in economic growth.

2. Distrust of the yuan - the population has traditionally become accustomed to trusting the US dollar and not trusting the national currency, which can either grow rapidly or fall even more rapidly. According to the published data, more than 112 billion dollars are stored on deposits of Chinese citizens, plus the accounts of government and commercial structures amount to about 600 billion. That is, the amount is more than 700 billion, and this does not count the cash that is in the hands of the population.

Despite the most optimistic sentiments about the American currency, a trend correction is possible in the near future. As a result, the dollar will lose 1-2%.