{"id":65969,"date":"2024-07-08T06:49:30","date_gmt":"2024-07-08T06:49:30","guid":{"rendered":"https:\/\/gistfest.com\/?p=65969"},"modified":"2024-07-08T06:49:35","modified_gmt":"2024-07-08T06:49:35","slug":"china-moves-to-ditch-the-dollar-amid-trade-tensions-with-u-s","status":"publish","type":"post","link":"https:\/\/gistfest.com\/china-moves-to-ditch-the-dollar-amid-trade-tensions-with-u-s\/","title":{"rendered":"China Moves to \u201cDitch the Dollar\u201d Amid Trade Tensions with U.S."},"content":{"rendered":"\n<p>In the very first trimester of the year, China sold $53.3 billion in US agency and Treasury notes, setting an all-time record.&nbsp;<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_69_1 ez-toc-wrap-left counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/gistfest.com\/china-moves-to-ditch-the-dollar-amid-trade-tensions-with-u-s\/#Belgiums_Involvement\" title=\"Belgium&#8217;s Involvement\">Belgium&#8217;s Involvement<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/gistfest.com\/china-moves-to-ditch-the-dollar-amid-trade-tensions-with-u-s\/#Increased_Attention\" title=\"Increased Attention&nbsp;\">Increased Attention&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/gistfest.com\/china-moves-to-ditch-the-dollar-amid-trade-tensions-with-u-s\/#Possible_Repercussions\" title=\"Possible Repercussions\">Possible Repercussions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/gistfest.com\/china-moves-to-ditch-the-dollar-amid-trade-tensions-with-u-s\/#Chinas_Reaction\" title=\"China&#8217;s Reaction\">China&#8217;s Reaction<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/gistfest.com\/china-moves-to-ditch-the-dollar-amid-trade-tensions-with-u-s\/#Strategic_Perspectives\" title=\"Strategic Perspectives\">Strategic Perspectives<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/gistfest.com\/china-moves-to-ditch-the-dollar-amid-trade-tensions-with-u-s\/#Transition_to_Gold-Based_Investments\" title=\"Transition to Gold-Based Investments\">Transition to Gold-Based Investments<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/gistfest.com\/china-moves-to-ditch-the-dollar-amid-trade-tensions-with-u-s\/#Gold_Deposit_Developments_Across_the_Globe\" title=\"Gold Deposit Developments Across the Globe\">Gold Deposit Developments Across the Globe<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/gistfest.com\/china-moves-to-ditch-the-dollar-amid-trade-tensions-with-u-s\/#Staying_Clear_of_the_Dollar\" title=\"Staying Clear of the Dollar\">Staying Clear of the Dollar<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/gistfest.com\/china-moves-to-ditch-the-dollar-amid-trade-tensions-with-u-s\/#Chinas_Intelligent_Monetary_Strategies\" title=\"China&#8217;s Intelligent Monetary Strategies\">China&#8217;s Intelligent Monetary Strategies<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/gistfest.com\/china-moves-to-ditch-the-dollar-amid-trade-tensions-with-u-s\/#International_Market_Responses\" title=\"International Market Responses\">International Market Responses<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/gistfest.com\/china-moves-to-ditch-the-dollar-amid-trade-tensions-with-u-s\/#Professional_Evaluation_of_Market_Consequences\" title=\"Professional Evaluation of Market Consequences\">Professional Evaluation of Market Consequences<\/a><\/li><\/ul><\/nav><\/div>\n\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/gistfest.com\/wp-content\/uploads\/2024\/06\/08c840ac080e7e865ebd90ab4ca41a0c-ezgif.com-resize-1-1024x576.jpg\" alt=\"U.S. and China Trading Clash\" class=\"wp-image-60721\" srcset=\"https:\/\/gistfest.com\/wp-content\/uploads\/2024\/06\/08c840ac080e7e865ebd90ab4ca41a0c-ezgif.com-resize-1-1024x576.jpg 1024w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/06\/08c840ac080e7e865ebd90ab4ca41a0c-ezgif.com-resize-1-300x169.jpg 300w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/06\/08c840ac080e7e865ebd90ab4ca41a0c-ezgif.com-resize-1-768x432.jpg 768w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/06\/08c840ac080e7e865ebd90ab4ca41a0c-ezgif.com-resize-1-747x420.jpg 747w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/06\/08c840ac080e7e865ebd90ab4ca41a0c-ezgif.com-resize-1-696x392.jpg 696w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/06\/08c840ac080e7e865ebd90ab4ca41a0c-ezgif.com-resize-1-1068x601.jpg 1068w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/06\/08c840ac080e7e865ebd90ab4ca41a0c-ezgif.com-resize-1.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: Pinterest<\/figcaption><\/figure>\n\n\n\n<p>In view of the current trade disputes involving these two countries, the move demonstrates how China intends to broaden its monetary holdings beyond Us assets.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Belgiums_Involvement\"><\/span><strong>Belgium&#8217;s Involvement<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Concurrently, Belgium, which is sometimes considered a guardian of China&#8217;s assets, sold $22 billion worth of Treasury bonds.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/gistfest.com\/wp-content\/uploads\/2024\/06\/e3414bfe29e7d79cf7acb008f307cb1b-ezgif.com-resize-1024x576.jpg\" alt=\"China's Flag\" class=\"wp-image-64847\" srcset=\"https:\/\/gistfest.com\/wp-content\/uploads\/2024\/06\/e3414bfe29e7d79cf7acb008f307cb1b-ezgif.com-resize-1024x576.jpg 1024w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/06\/e3414bfe29e7d79cf7acb008f307cb1b-ezgif.com-resize-300x169.jpg 300w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/06\/e3414bfe29e7d79cf7acb008f307cb1b-ezgif.com-resize-768x432.jpg 768w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/06\/e3414bfe29e7d79cf7acb008f307cb1b-ezgif.com-resize-747x420.jpg 747w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/06\/e3414bfe29e7d79cf7acb008f307cb1b-ezgif.com-resize-696x392.jpg 696w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/06\/e3414bfe29e7d79cf7acb008f307cb1b-ezgif.com-resize-1068x601.jpg 1068w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/06\/e3414bfe29e7d79cf7acb008f307cb1b-ezgif.com-resize.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: Pinterest<\/figcaption><\/figure>\n\n\n\n<p>This big deal is an aspect of China&#8217;s larger trend of decreasing its dependency on securities from the US.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Increased_Attention\"><\/span><strong>Increased Attention&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>International speculation has been rekindled by China&#8217;s latest massive disposals.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/gistfest.com\/wp-content\/uploads\/2024\/06\/e91c021c3e1986968d24035b6e8ed092-ezgif.com-resize-1024x576.jpg\" alt=\"U.S. and China Trading Clash\" class=\"wp-image-60732\" srcset=\"https:\/\/gistfest.com\/wp-content\/uploads\/2024\/06\/e91c021c3e1986968d24035b6e8ed092-ezgif.com-resize-1024x576.jpg 1024w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/06\/e91c021c3e1986968d24035b6e8ed092-ezgif.com-resize-300x169.jpg 300w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/06\/e91c021c3e1986968d24035b6e8ed092-ezgif.com-resize-768x432.jpg 768w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/06\/e91c021c3e1986968d24035b6e8ed092-ezgif.com-resize-747x420.jpg 747w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/06\/e91c021c3e1986968d24035b6e8ed092-ezgif.com-resize-696x392.jpg 696w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/06\/e91c021c3e1986968d24035b6e8ed092-ezgif.com-resize-1068x601.jpg 1068w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/06\/e91c021c3e1986968d24035b6e8ed092-ezgif.com-resize.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: Pinterest<\/figcaption><\/figure>\n\n\n\n<p>This monetary gimmick coincides with a potential worsening of ties between both of the biggest economies in the globe due to recent decisions made by the current administration in the US.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Possible_Repercussions\"><\/span><strong>Possible Repercussions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>America&#8217;s political events are likewise quite important.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/gistfest.com\/wp-content\/uploads\/2024\/07\/f1424ea38d9ef8ee9fe96e0bba071d08-ezgif.com-resize-1-1024x576.jpg\" alt=\"Ex-president Donald Trump\" class=\"wp-image-65022\" srcset=\"https:\/\/gistfest.com\/wp-content\/uploads\/2024\/07\/f1424ea38d9ef8ee9fe96e0bba071d08-ezgif.com-resize-1-1024x576.jpg 1024w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/07\/f1424ea38d9ef8ee9fe96e0bba071d08-ezgif.com-resize-1-300x169.jpg 300w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/07\/f1424ea38d9ef8ee9fe96e0bba071d08-ezgif.com-resize-1-768x432.jpg 768w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/07\/f1424ea38d9ef8ee9fe96e0bba071d08-ezgif.com-resize-1-747x420.jpg 747w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/07\/f1424ea38d9ef8ee9fe96e0bba071d08-ezgif.com-resize-1-696x392.jpg 696w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/07\/f1424ea38d9ef8ee9fe96e0bba071d08-ezgif.com-resize-1-1068x601.jpg 1068w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/07\/f1424ea38d9ef8ee9fe96e0bba071d08-ezgif.com-resize-1.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: Pinterest<\/figcaption><\/figure>\n\n\n\n<p>Donald Trump, the former president, hinted at possible tough fiscal measures against China, saying that if elected again, he could implement a tax of over sixty percent on Chinese imports. China&#8217;s future financial decisions may be greatly impacted by this political position.<\/p>\n\n\n\n<p><strong>WATCH: <a href=\"https:\/\/youtu.be\/hAPbD2lvHb4\">The World\u2019s Second Most Populous Country Battles Population \u201cDoom Loop\u201d<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Chinas_Reaction\"><\/span><strong>China&#8217;s Reaction<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>However, irrespective of the result of the US elections in 2024, hostilities are certain to stay high. Even if Trump is more erratic, both he and Biden have voiced a desire to rely less on China.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/gistfest.com\/wp-content\/uploads\/2024\/06\/11e1beb8b0052478d6315e6e53c8d448-ezgif.com-resize-1024x576.jpg\" alt=\"U.S. and China Trading Clash\" class=\"wp-image-60723\" srcset=\"https:\/\/gistfest.com\/wp-content\/uploads\/2024\/06\/11e1beb8b0052478d6315e6e53c8d448-ezgif.com-resize-1024x576.jpg 1024w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/06\/11e1beb8b0052478d6315e6e53c8d448-ezgif.com-resize-300x169.jpg 300w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/06\/11e1beb8b0052478d6315e6e53c8d448-ezgif.com-resize-768x432.jpg 768w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/06\/11e1beb8b0052478d6315e6e53c8d448-ezgif.com-resize-747x420.jpg 747w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/06\/11e1beb8b0052478d6315e6e53c8d448-ezgif.com-resize-696x392.jpg 696w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/06\/11e1beb8b0052478d6315e6e53c8d448-ezgif.com-resize-1068x601.jpg 1068w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/06\/11e1beb8b0052478d6315e6e53c8d448-ezgif.com-resize.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: Pinterest<\/figcaption><\/figure>\n\n\n\n<p>A single point appears to unite the contenders: addressing the trade imbalance with China is imperative, and failure to do so will probably exacerbate friction around both giants.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Strategic_Perspectives\"><\/span><strong>Strategic Perspectives<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Bloomberg Intelligence&#8217;s top Asia foreign-exchange and rates analyst, Stephen Chiu, pointed out how there ought to be an apparent reason for shifting beyond US dollar assets.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/gistfest.com\/wp-content\/uploads\/2024\/05\/a8-fotor-202405298740-1024x536.jpg\" alt=\"A picture of dollar notes\" class=\"wp-image-60147\" srcset=\"https:\/\/gistfest.com\/wp-content\/uploads\/2024\/05\/a8-fotor-202405298740-1024x536.jpg 1024w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/05\/a8-fotor-202405298740-300x157.jpg 300w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/05\/a8-fotor-202405298740-768x402.jpg 768w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/05\/a8-fotor-202405298740-803x420.jpg 803w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/05\/a8-fotor-202405298740-696x364.jpg 696w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/05\/a8-fotor-202405298740-1068x559.jpg 1068w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/05\/a8-fotor-202405298740.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: Pinterest<\/figcaption><\/figure>\n\n\n\n<p>Additionally, he made the suggestion that if the US-China trade conflict continues, particularly if Trump wins reelection, China&#8217;s sales of US equities may quicken.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Transition_to_Gold-Based_Investments\"><\/span><strong>Transition to Gold-Based Investments<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>As a result of offloading dollar assets, China has boosted its gold investments, which as of April represent 4.9% of the country&#8217;s official reserves\u2014the largest percentage since records started in 2015.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/gistfest.com\/wp-content\/uploads\/2024\/06\/ad3789b26a3d383ad0e9ba56452a58c2-ezgif.com-resize-1024x576.jpg\" alt=\"China's national bank\" class=\"wp-image-64844\" srcset=\"https:\/\/gistfest.com\/wp-content\/uploads\/2024\/06\/ad3789b26a3d383ad0e9ba56452a58c2-ezgif.com-resize-1024x576.jpg 1024w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/06\/ad3789b26a3d383ad0e9ba56452a58c2-ezgif.com-resize-300x169.jpg 300w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/06\/ad3789b26a3d383ad0e9ba56452a58c2-ezgif.com-resize-768x432.jpg 768w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/06\/ad3789b26a3d383ad0e9ba56452a58c2-ezgif.com-resize-747x420.jpg 747w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/06\/ad3789b26a3d383ad0e9ba56452a58c2-ezgif.com-resize-696x392.jpg 696w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/06\/ad3789b26a3d383ad0e9ba56452a58c2-ezgif.com-resize-1068x601.jpg 1068w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/06\/ad3789b26a3d383ad0e9ba56452a58c2-ezgif.com-resize.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: Pinterest<\/figcaption><\/figure>\n\n\n\n<p>This change suggests a deliberate modification to China&#8217;s reserve management strategies.<\/p>\n\n\n\n<p><a href=\"https:\/\/gistfest.com\/poll-do-you-support-a-single-payer-healthcare-system-medicare-for-all\/\">POLL\u2014Do You Support a Single-Payer Healthcare System (Medicare for All)?<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Gold_Deposit_Developments_Across_the_Globe\"><\/span><strong>Gold Deposit Developments Across the Globe<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Gold deposits are rising globally, not only in China. During 2015, nations that are associated with China increased their gold holdings, while the US bloc retained consistent phases. This was noted by Gita Gopinath, the first deputy managing director of the International Monetary Fund, in a recent address.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/gistfest.com\/wp-content\/uploads\/2024\/04\/Untitled-Design-1-23-1024x576.jpg\" alt=\"The Great Wall of China\" class=\"wp-image-52196\" srcset=\"https:\/\/gistfest.com\/wp-content\/uploads\/2024\/04\/Untitled-Design-1-23-1024x576.jpg 1024w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/04\/Untitled-Design-1-23-300x169.jpg 300w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/04\/Untitled-Design-1-23-768x432.jpg 768w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/04\/Untitled-Design-1-23-747x420.jpg 747w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/04\/Untitled-Design-1-23-696x392.jpg 696w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/04\/Untitled-Design-1-23-1068x601.jpg 1068w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/04\/Untitled-Design-1-23.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: Pinterest<\/figcaption><\/figure>\n\n\n\n<p>The implication, according to her, is that worries about the possibility of penalties may have motivated certain central banks to buy gold.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Staying_Clear_of_the_Dollar\"><\/span><strong>Staying Clear of the Dollar<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>China&#8217;s persistent sell-off of American bonds suggests a purposeful plan to reduce its dependency on the US dollar.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"636\" src=\"https:\/\/gistfest.com\/wp-content\/uploads\/2024\/02\/image12-9-1024x636.jpg\" alt=\"Dollar Bill Hanging on a Thread\" class=\"wp-image-42670\" srcset=\"https:\/\/gistfest.com\/wp-content\/uploads\/2024\/02\/image12-9-1024x636.jpg 1024w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/02\/image12-9-300x186.jpg 300w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/02\/image12-9-768x477.jpg 768w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/02\/image12-9-696x432.jpg 696w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/02\/image12-9-1068x664.jpg 1068w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/02\/image12-9-676x420.jpg 676w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/02\/image12-9-356x220.jpg 356w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/02\/image12-9.jpg 1220w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: Quora<\/figcaption><\/figure>\n\n\n\n<p>The economic strategy is in line with more general geopolitical changes and persistent uncertainty in international trade ties.<\/p>\n\n\n\n<p><strong>WATCH:<a href=\"https:\/\/youtu.be\/dS21SQ5f_KQ\"> More Bad News for California Residents Amid New Minimum Wage Hike<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Chinas_Intelligent_Monetary_Strategies\"><\/span><strong>China&#8217;s Intelligent Monetary Strategies<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>China has a well-thought-out financial policy that includes selling off a sizable amount of US debt and investing more in gold.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/gistfest.com\/wp-content\/uploads\/2024\/02\/image4-15-1024x682.jpg\" alt=\"Dollar Bills\" class=\"wp-image-41949\" srcset=\"https:\/\/gistfest.com\/wp-content\/uploads\/2024\/02\/image4-15-1024x682.jpg 1024w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/02\/image4-15-300x200.jpg 300w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/02\/image4-15-768x511.jpg 768w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/02\/image4-15-696x463.jpg 696w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/02\/image4-15-1068x711.jpg 1068w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/02\/image4-15-631x420.jpg 631w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/02\/image4-15.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: Quora<\/figcaption><\/figure>\n\n\n\n<p>Its careful attitude to preserving its financial health in the face of shifting worldwide trends is reflected in this diversity.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"International_Market_Responses\"><\/span><strong>International Market Responses<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>These significant purchases by big financial heavyweights like China have an impact on the world marketplace.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/gistfest.com\/wp-content\/uploads\/2024\/05\/a2-fotor-2024052975931-1024x683.jpg\" alt=\"A picture of American stock market\" class=\"wp-image-60150\" srcset=\"https:\/\/gistfest.com\/wp-content\/uploads\/2024\/05\/a2-fotor-2024052975931-1024x683.jpg 1024w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/05\/a2-fotor-2024052975931-300x200.jpg 300w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/05\/a2-fotor-2024052975931-768x512.jpg 768w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/05\/a2-fotor-2024052975931-630x420.jpg 630w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/05\/a2-fotor-2024052975931-696x464.jpg 696w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/05\/a2-fotor-2024052975931-1068x712.jpg 1068w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/05\/a2-fotor-2024052975931.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: Pinterest<\/figcaption><\/figure>\n\n\n\n<p>The heightened buying of gold and the withdrawal from US equities might have a significant impact on the global stock market as well as investments.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Professional_Evaluation_of_Market_Consequences\"><\/span><strong>Professional Evaluation of Market Consequences<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Experts are eagerly watching these events because China&#8217;s move away from US debt instruments and toward gold may be an indication of larger shifts in the world financial system.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/gistfest.com\/wp-content\/uploads\/2024\/03\/f71b9810b3077e0d2008c4448046ae94-ezgif.com-resize-1024x576.jpg\" alt=\"Fluctuations in economy\" class=\"wp-image-43293\" srcset=\"https:\/\/gistfest.com\/wp-content\/uploads\/2024\/03\/f71b9810b3077e0d2008c4448046ae94-ezgif.com-resize-1024x576.jpg 1024w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/03\/f71b9810b3077e0d2008c4448046ae94-ezgif.com-resize-300x169.jpg 300w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/03\/f71b9810b3077e0d2008c4448046ae94-ezgif.com-resize-768x432.jpg 768w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/03\/f71b9810b3077e0d2008c4448046ae94-ezgif.com-resize-696x392.jpg 696w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/03\/f71b9810b3077e0d2008c4448046ae94-ezgif.com-resize-1068x601.jpg 1068w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/03\/f71b9810b3077e0d2008c4448046ae94-ezgif.com-resize-747x420.jpg 747w, https:\/\/gistfest.com\/wp-content\/uploads\/2024\/03\/f71b9810b3077e0d2008c4448046ae94-ezgif.com-resize.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: Pinterest<\/figcaption><\/figure>\n\n\n\n<p>The viability of the world economy may be impacted by such behaviors and how various nations approach their finances.<\/p>\n\n\n\n<p><strong>You Might Also Like:<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/gistfest.com\/black-parents-called-out-for-giving-son-a-culturally-inappropriate-name\/\">Black Parents Called Out for Giving Son a \u201cCulturally Inappropriate\u201d Name<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/gistfest.com\/immigrant-loses-deportation-battle-at-supreme-court-after-missing-hearing\/\">Immigrant Loses Deportation Battle at Supreme Court After Missing Hearing<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/gistfest.com\/critics-slam-chuck-schumer-for-grilling-fathers-day-post\/\">Critics Slam Chuck Schumer for Grilling Father\u2019s Day Post<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/gistfest.com\/driver-wins-175k-settlement-after-cop-arrested-him-for-flashing-the-middle-finger\/\">Driver Wins $175K Settlement After Cop Arrested Him for Flashing the Middle Finger<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/gistfest.com\/tennessee-city-in-chaos-after-new-assistant-police-chief-exposed-as-qanon-believer\/\">Tennessee City in Chaos After New Assistant Police Chief Exposed as QAnon Believer<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\" id=\"block-fbbff189-aeaf-494b-afdf-d2840e99fc61\">\n<li><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>In the very first trimester of the year, China sold $53.3 billion in US agency and Treasury notes, setting an all-time record.&nbsp; In view of the current trade disputes involving these two countries, the move demonstrates how China intends to broaden its monetary holdings beyond Us assets. Belgium&#8217;s Involvement Concurrently, Belgium, which is sometimes considered [&hellip;]<\/p>\n","protected":false},"author":23,"featured_media":60725,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"MSN_Categories":"News","MSN_Publish_Option":true,"MSN_Is_Local_News":false,"MSN_Is_AIAC_Included":"Empty","MSN_Location":"[]","MSN_Add_Feature_Img_On_Top_Of_Post":false,"MSN_Has_Custom_Author":false,"MSN_Custom_Author":"","MSN_Has_Custom_Canonical_Url":false,"MSN_Custom_Canonical_Url":"","tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[203],"tags":[],"class_list":{"0":"post-65969","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-general"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>China Moves to \u201cDitch the Dollar\u201d Amid Trade Tensions with U.S. - 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