China's De-Dollarization Agenda Intensifies Amid Rising Geopolitical Tensions
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#9f051475 ver:0.34
China intensifies de-dollarization agenda, selling $101.9 billion in US Treasury securities in the past year. China aims to reduce reliance on the US dollar, diversify assets, and potentially weaken the yuan for global competitiveness. This aligns with BRICS' goal of challenging the US dollar's supremacy. However, Federal Reserve Governor dismisses demise of the dollar, citing limited alternatives. Rising tensions between China and the US, including trade war fears, add to the implications for the global economy. China's move escalates economic rivalry and shapes future relations. #China #de-dollarization #geopolitics #globaltrade...
#newstr #China #UsDollar #Dedollarization #GeopoliticalTensions #UsTreasurySecurities #GoldReserves #Brics #TradeWar #InterestRates #GlobalFinancialMarkets #Commodities #EmergingMarkets #FederalDeficit #Treasuries
https://here.news/story/9f051475?ver=0.34
Central Banks Aggressively Acquire Gold as Hedge Against Volatile Market Conditions /
npub1j6…wk66q
2024-06-29 19:56:57
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npub1j6gz9lzag7wq0ywd0nx97mknm6u4glyv5rzfczlaf4y6hzvz0fmswwk66qPublished at
2024-06-29 19:56:57Event JSON
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"content": "China's De-Dollarization Agenda Intensifies Amid Rising Geopolitical Tensions\n===============\t\n#9f051475 ver:0.34\n\nChina intensifies de-dollarization agenda, selling $101.9 billion in US Treasury securities in the past year. China aims to reduce reliance on the US dollar, diversify assets, and potentially weaken the yuan for global competitiveness. This aligns with BRICS' goal of challenging the US dollar's supremacy. However, Federal Reserve Governor dismisses demise of the dollar, citing limited alternatives. Rising tensions between China and the US, including trade war fears, add to the implications for the global economy. China's move escalates economic rivalry and shapes future relations. #China #de-dollarization #geopolitics #globaltrade...\n\n#newstr #China #UsDollar #Dedollarization #GeopoliticalTensions #UsTreasurySecurities #GoldReserves #Brics #TradeWar #InterestRates #GlobalFinancialMarkets #Commodities #EmergingMarkets #FederalDeficit #Treasuries \n\n https://here.news/story/9f051475?ver=0.34",
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