China - De dollarization strategy to reach world supremacy

Описание: China has different de-dollarization strategies. It’ s consolidating as a new superpower, it needs to consolidate a set of tasks before.
China has reduced it’s bilateral trade in UDS with Russia and is dumping US treasuries.
Interestingly, the export-heavy nation has reduced its Treasury's in recent years, selling off close to $600 billion of them.

Part of its strategy is to keep its domestic currency from strengthening this keeps labor force very competitive and rises industrialization.
China has grown it’s economy at sustainable rates it needs this growth to raise its people low standard of living.

The US dollar has already expired it’s benefits as a reserve currency, but not it’s convenience.
China is the top gold producer with 380 tonnes of yellow metal mined in 2020
In the 1st Quarter of 2020 the dollar share of trade between Russia and China Fell 50%* Diversification of currency.

The government is expected to announce the infrastructure funding of as much as $563 billion this year
China will invest an estimated $1.4 trillion over six years to 2025. the investment drive will reduce China’s dependence on foreign technology. AI, IoT, 5G, High voltaje lines, speed rails consolidating its Digital autonomy by 2030 in (IoT, AI, 5G, Big Data)
Chinese cross-border interbank payment system CIPS vs. SWIFT challenging western payment systems.

ONE BELT ONE ROAD SILK ROAD
China will cement its position at the center of a new economic order with all roads leading to Beijing
Interconnectivity between Asian countries: vital to economic growth.
Positions Asia as the economic center of gravity

AIIB
Multilateral development Infrastructure bank
Aims to fill 3 trillion + gap on infrastructure Project: ”One Belt One Road” “Silk Road”
The first time U.S is being isolated from a multilateral financial project of this scale

ADR:
Represents a basket of currencies and gold, with the Chinese Renminbi heavily prominent in the mix.
US dollar weighted at below 20%.
Driven by blockchain technology

Will this lead to China – U.S relations to deteriorate even more?

0:00 Intro
0:57 Inflation
1:13 Historical Background
4:40 Dollar default 1971 Richard Nixon
5:17 Charles De Gaulle, the gold standard and the us dollar privilege
7:23 International Monetary Fund SDR Special Drawing Rights
10:38 Us Dollar and Oil Saudi Arabia US deal
13:48 The petrodollar system
17:00 Main US debt Holders
19:13 Can China "weaponize" it's debt holdings against the us
22:54 What are the dollar weaknesses?
26:16 AIIB Fact sheet
29:45 China Strategy Checklist
35:30 Asian Drawing Rights ADR
#China #dedollarization #chinatrade

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Darkness is Coming by Kevin MacLeod is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/...

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Asian Drums - Vadodara by Kevin MacLeod is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/...

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