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
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#9f051475 ver:0.29

China intensifies de-dollarization agenda, dumping $74B of US treasuries in 7 months. As part of broader strategy, China increases gold reserves, holding 2,250 tonnes worth $159B. BRICS emerges as top buyer of gold, replacing treasuries. China's actions align with efforts to diversify assets and potentially weaken yuan for global competitiveness. Sale of treasuries comes amid potential trade war between China and US, adding inflationary pressure. US interest rate decisions may impact China's asset diversification strategy. #China #de-dollarization #gold #trade #inflation #economy...

#newstr #China #UsTreasuries #Dedollarization #GoldReserves #Brics

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