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China reduces US Treasury holdings by 74 billion over half year period
Автор: Web 3.0 Riddles and News
Загружено: 2024-05-25
Просмотров: 7
Описание: China, a member of BRICS, has been selling large amounts of U.S. treasuries and debt recently, reaching billions in value over the past seven months. This action indicates a shift in China's economic relationship with the U.S. At the same time, China has been adding significant gold reserves, with the People's Bank of China announcing in a report that China possesses 2,250 tonnes of gold in 2024, equivalent to approximately $159 billion. This suggests a strategic reallocation of resources away from the U.S. dollar.
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