The de-dollarization of China’s trade settlements has begun. What patterns do we see in USD and RMB use within China and globally?
  • LarkinDePark@lemmygrad.ml
    6·
    4 months ago

    Interesting thread here that shows, although there appears to be a large gap right now, the significance of a shift away from China, a large reliable and stable state buying US treasury bonds, compared to private investors that are more “yield sensitive”, means a much more precarious situation for the US.

    • ☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOP
      4·
      4 months ago

      Exactly, China anchored the dollar buy being a very stable holder of bonds. Now that these are being bought up by all kinds of random investors, the situation is a lot more volatile.