Demand for the US dollar is growing in China.

The unprecedented strengthening of the US dollar has sparked increased demand around the world, even among those who are usually pessimistic about the American currency.
China was no exception; demand began to grow at the beginning of the year, and after Trump's victory in the election, the trend intensified even more.

There are several reasons for this situation:

1. Firstly, there is a massive outflow of capital from China, which is only intensifying as economic growth slows.

2. Mistrust of the yuan – the population has traditionally been accustomed to trusting the US dollar and not trusting the national currency, which can either rise rapidly or fall even more rapidly. According to published data, Chinese citizens hold over $112 billion in deposits, with government and commercial entities holding approximately $600 billion more. That's a total of over $700 billion, not counting the cash held by the general public.

Despite the most optimistic sentiment regarding the American currency, a trend correction is possible in the near future, which could result in the dollar losing 1-2%.