“China is reducing its holdings of US Treasury securities. Instead, the People’s Bank of China is buying gold, and Beijing prioritizes imports of important commodities like oil and metals. Ben Norton discusses the geopolitical impact of de-dollarization in the world’s largest economy.”
The US media has been saying how much they don’t like China owning US Treasury bonds, so I’m sure they’ll be thrilled about this news!
Nah, they -along with most Western media who copy their propaganda- will just blabber about the Big and Scary Inevitable Impending Collapse of the Chinese Economy™ yet again.
So the Chinese economy isn’t on the verge of collapsing?
it’s collapsing when we need the people to believe we can beat China, and therefore raise funds for the military
it’s a threat when we need the people to fear China, and therefore raise funds for the military
I, stupid, fell for those pictures of semi-complete Chinese apartment buildings. Im British, i dont think were that bothered by China… yet.
the only thing scarier than china holding US treasury bonds is china NOT holding US treasury bonds
– oscar wilde