Commentary April 2022 will go down in history as a milestone that has only been seen on three previous occasions since 1973; it’s a month in which the S&P500 Index and U.S. Treasuries have fallen at the same time, 5 percent and 2 percent, respectively. Additionally, the U.S. dollar has appreciated against the main currencies…
Beijing Accelerating Plans to Replace US Dollar as World Reserve Currency: Chinese Professor
April 1, 2021
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ChinaChina-US NewsChinese RegimeChinese YuanDi Dongshengdominant currencyeconomyUSUS NewsWorld Reserve Currency
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The Chinese regime is accelerating its efforts to challenge the U.S. dollar’s dominance in global markets and trade by taking advantage of the economic shifts caused by the pandemic, a Chinese professor recently revealed. In the post-pandemic world, China should be the “one who decides the benchmark of value,” Di Dongsheng, associate dean of the…
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