Amoxtli@thelemmy.club to Geopolitics@lemmygrad.ml • 6 months ago

China isn't dumping dollars. They're dumping banks, and setting up a new financial system.

cross-posted to:
news
economics@lemmy.ml

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China isn't dumping dollars. They're dumping banks, and setting up a new financial system.

Amoxtli@thelemmy.club to Geopolitics@lemmygrad.ml • 6 months ago

cross-posted to:
news
economics@lemmy.ml

China isn't dumping dollars. They're dumping banks, and setting up a new financial system.

www.youtube.com

China runs massive trade surpluses with North America and Europe. Those markets pay in US Dollars or in Euro. Every day China earns about $2.7 billion USD ...

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GarbageShoot [he/him]
·
6 months ago
It's probably still better to get ahead of it early, since the sanctions are clearly a warning sign

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