Central Banks Aggressively Acquire Gold as Hedge Against Volatile Market Conditions on Nostr: China's De-Dollarization Agenda Intensifies as it Dumps $74 Billion Worth of US ...

China's De-Dollarization Agenda Intensifies as it Dumps $74 Billion Worth of US Treasuries in 7 Months
===============
#9f051475 ver:0.3

China intensifies de-dollarization agenda, dumping $74 billion of US treasuries in 7 months. With a focus on diversifying assets and reducing reliance on the US dollar, China aims to weaken the yuan and make exports more competitive. This move aligns with BRICS' challenge to the US dollar's global supremacy. As a potential trade war looms, China's actions could add inflationary pressure in the US. Economists closely monitor how China's asset diversification and commodity purchases will impact the global economy. #China #deDollarization #BRICS #tradeWar #globalEconomy...

#newstr #China #Dedollarization #UsTreasuries #Brics #Gold

https://here.news/story/9f051475?ver=0.3