How will Trump victory affect China’s shift away from US dollar assets?
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Trump's victory in the 2024 US presidential election raises concerns in China about the safety of US dollar-denominated assets; China holds $774.6 billion in US treasury securities, second only to Japan; Yang Siyao from Tsinghua University warns of increased risks in holding US assets; China’s foreign exchange reserves total $3.261 trillion; US national debt reached $35.46 trillion with a debt-to-GDP ratio of 124%; Yu Yongding advises reducing US treasury investments due to rising sanction risks; CIC, China's sovereign wealth fund, has $1.33 trillion in assets, with a significant portion in alternative investments; OMFIF predicts US dollar's share in global reserves may drop to 40-45% by 2050; Zerlina Zeng suggests China will promote the yuan to reduce dollar reliance.
#China #UsDollar #Trump #Economy #ForeignReserves #TreasurySecurities #Sanctions #Yuan #Investment #Debt
https://www.scmp.com/economy/china-economy/article/3285834/china-searches-safe-havens-amid-us-debt-woes-dollar-weaponisation
South China Morning Post /
npub1x2…knuvq
2024-11-09 22:37:53
Author Public Key
npub1x2q0x7w5tqx0x3j9tdvkvqmetarpr8axhpjq7qw5xxrcysdwtrzssknuvqPublished at
2024-11-09 22:37:53Event JSON
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"content": "How will Trump victory affect China’s shift away from US dollar assets?\n==========\n\nTrump's victory in the 2024 US presidential election raises concerns in China about the safety of US dollar-denominated assets; China holds $774.6 billion in US treasury securities, second only to Japan; Yang Siyao from Tsinghua University warns of increased risks in holding US assets; China’s foreign exchange reserves total $3.261 trillion; US national debt reached $35.46 trillion with a debt-to-GDP ratio of 124%; Yu Yongding advises reducing US treasury investments due to rising sanction risks; CIC, China's sovereign wealth fund, has $1.33 trillion in assets, with a significant portion in alternative investments; OMFIF predicts US dollar's share in global reserves may drop to 40-45% by 2050; Zerlina Zeng suggests China will promote the yuan to reduce dollar reliance.\n\n#China #UsDollar #Trump #Economy #ForeignReserves #TreasurySecurities #Sanctions #Yuan #Investment #Debt\n\nhttps://www.scmp.com/economy/china-economy/article/3285834/china-searches-safe-havens-amid-us-debt-woes-dollar-weaponisation",
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