Yuan vs. Greenback: China’s Quiet Campaign for Financial Supremacy
Chinese authorities are ramping up efforts to enhance the international status of the yuan and reduce reliance on the U.S. dollar, particularly as confidence in the dollar wanes. Dollar Decline Aids Yuan China is intensifying efforts to elevate the yuan’s international standing and challenge the U.S. dollar’s global dominance, seizing an opportune moment as international […]
Analysts: China Should Introduce Yuan Alternatives to Combat Dollarization Driven by Stablecoins
According to analysts, one alternative for China to combat the impending stablecoin-based dollarization and its unintended consequences is the issuance of a yuan stablecoin. This token could originate in Hong Kong, which has already enacted regulations for such instruments. Analysts: China Has the Option to Fight Dollarization With Yuan Stablecoin The U.S. government’s push for […]
China Continued Trimming Exposure to US Debt in April
China reduced its position on U.S. debt in April, reaching a 16-year record low in its holdings. The reduction is related to the ongoing tariff war scenario, where tensions between the two countries have escalated due to the enactment of sky-high fees. China Reduced U.S. Debt Exposure in April, Reached 16-Year Record Low Numbers emanating […]
Putin and XI to Kickstart Global South BRICS Investment Platform
Vladimir Putin and Xi Jinping are discussing launching a platform that will offer investment initiatives under a BRICS-Global South inclusive banner, which will be detailed next month. Putin and Xi: BRICS to Unveil Global South Inclusive Investment Platform Vladimir Putin and Xi Jinping, leaders of two of the world’s largest countries, are developing a platform […]
China’s Central Bank Governor Envisions the End of US Dollar Dominance
China’s central bank governor, Pan Gongsheng, has indicated that a new global currency order may emerge, challenging the long-standing dominance of the U.S. dollar. Speaking at a financial forum in Shanghai, Pan emphasized the need for a “multi-polar international monetary system” where multiple sovereign currencies coexist and compete. He highlighted the renminbi’s growing role, noting […]
China Eyes Faster De-Dollarization With SCO Leadership
China is turbocharging its de-dollarization push, leveraging its SCO presidency to expand national currency use, supercharge financial cooperation, and champion a bold Eurasian economic realignment. China to Use SCO Presidency to Expand National Currencies and Reduce Dollar Use China is escalating efforts to diminish reliance on the U.S. dollar by prioritizing the use of national […]
China Eyes Faster De-Dollarization With SCO Leadership
China is turbocharging its de-dollarization push, leveraging its SCO presidency to expand national currency use, supercharge financial cooperation, and champion a bold Eurasian economic realignment. China to Use SCO Presidency to Expand National Currencies and Reduce Dollar Use China is escalating efforts to diminish reliance on the U.S. dollar by prioritizing the use of national […]
Treasury Sanctions Crypto Scam Ring Tied to China and Philippines—FBI Seeks Victims
A sweeping U.S. crackdown has exposed a massive crypto scam network based in the Philippines and linked to China, with Funnull fueling $200 million in fake investment fraud. Treasury Targets China-Backed Philippine Crypto Scam—FBI Wants Victim Info The U.S. Department of the Treasury took decisive action on May 29 by sanctioning Funnull Technology Inc., a […]
Chinese Automotive Firm Reveals Dual-Track Plan to Buy 1,000 Bitcoins Over Next Year
Jiuzi Holdings, Inc. plans to acquire 1,000 bitcoins over the coming year through a combination of fresh stock issuance and direct cash purchases, the company revealed this week. Jiuzi Holdings to Raise Capital Via Stock, Cash for 1,000 Bitcoin Investment The Hangzhou-headquartered enterprise, Jiuzi Holdings (Nasdaq: JZXN), stated that its board approved the dual-path acquisition […]
China Reduces US Treasury Holdings Amid Trade War Escalation
The U.S. Department of the Treasury revealed that China reduced its exposure to U.S. debt in March, selling close to $19 billion in Treasuries. This reduction was recorded in March as the trade conflict between the two countries escalated. China Reduced Exposure to U.S. Debt Amid Tariff Conflict China is willing to reduce some of […]