For the past five months, China’s central bank has been increasing its gold reserves while simultaneously decreasing its holdings of U.S. bonds. Industry experts believe that this move is in anticipation of future sanctions that China may face. According to data recently released by China’s State Administration of Foreign Exchange and reported by financial news…
China’s Central Bank Increases Gold Holdings to Prepare for US Sanctions: Analysts
April 18, 2023
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Business & MarketsChinaChina Business & Economychina sanctionsDe-DollarizationGold and Commoditiesgold reservesMarketsUS-China relations
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