, Columnist
What Doesn't Go Out Can't Come Back, China
Beijing's efforts to prevent a currency crisis may create a funding squeeze.
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China's fight to reverse its currency hemorrhage is about to hit a roadbump. The nation has only itself to blame.
The People's Bank of China plans to encourage lenders to sell more dollar debt offshore to slow a decline in foreign-exchange reserves, people familiar with the matter said on Monday. Chinese banks may find less buying interest offshore than hitherto, however, thanks to the same regulator.