Is China’s concern over a possible US dollar shortage risk forcing companies to sell overseas assets?

"The root of the US dollar shortage issue goes back to the priority China places on maintaining stability and supporting its political objectives over maximising returns on its investments, with projects often failing to generate sufficient returns to make the accompanying debt burden worthwhile, analysts said. This means a continuous demand for US dollar-denominated lending from Chinese state banks by inefficient, cash-strapped companies and loss-making projects, is unlikely to stop.

“In China, there are capital controls and a desire from the central government to not show any financial distress. But this is happening at the cost of keeping many weak companies alive,” said Daniel Tabbush, founder of Asian bank consultancy firm Tabbush Report. “Most countries, foreign bankers and investors feel a more efficient allocation of capital, and a more open economy would be more ideal.”"