SCO & BRICS latest news and insights
It is widely acknowledged and also anticipated that Trump will begin to exert economic pressure on China at the beginning of his second term, as evidenced by his appointments to key posts in his administration and the experience that he has gained over the previous four years. However, despite its...
By Rhod Mackenzie
China is consistently pursuing a strategy of de-dollarisation and diversification of its foreign exchange reserves. Beijing, which was previously a significant holder of American debt, is now actively selling it and replacing American government bonds with gold.
For example, in...
By Rhod Mackenzie
Yu Yongding, a former adviser to the People's Bank of China (PBOC), suggests that Beijing should gradually decrease the proportion of US government bonds in its foreign exchange reserves. Additionally, it is necessary to increase imports to balance foreign trade and reduce its vu...
