news • 5 months ago

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

☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to

news • 5 months ago

26 Comments

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

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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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