We value your privacy

We use cookies to enhance your browsing experience, serve personalized ads or content, and analyze our traffic. By clicking "Accept All", you consent to our use of cookies. Cookie Policy

Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

ADVERTISEMENT
Africanian
  • News
  • News 24/7
  • Politics
  • Business
  • Health
  • Sports
  • Travel
  • World
    • US
    • Russia
    • Europe
    • Asia
    • America
  • Events
No Result
View All Result
Africanian
No Result
View All Result
Home World

China may be ramping up de-dollarization by dumping US Treasuries, experts say

Beijing may be speeding up the diversification of its foreign exchange reserves away from US dollar assets in response to Washington’s potential sanctions, the South China Morning Post reported, citing analysts.

in World
Reading Time: 2 mins read
0 0
0
China may be ramping up de-dollarization by dumping US Treasuries, experts say
0
SHARES
Share on FacebookShare on TwitterShare via Whatsapp

More

In China, sports drive markets: The Su Chao league powers the local economy

Beijing to Host 3rd China International Supply Chain Expo in July 2025

India leads a technical response following the Boeing 787 crash

Data from the US Department of Treasury shows China cut its holdings of US government debt for three consecutive months to $1.07 trillion in late August, the lowest level since March 2017.

The State Administration of Foreign Exchange (SAFE), China’s foreign exchange regulator, said in its most recent annual report that US dollar assets accounted for 58 percent of the nation’s reserves in 2015, unchanged from a year earlier. This means US dollar assets account for about $1.8 trillion of China’s total reserves of around $3.14 trillion.

Meanwhile, experts point to signs that China might be ramping up diversification of its reserves’ portfolio.The country’s purchases of Japanese government bonds hit a three-and-a-half-year high this year, reaching 1.46 trillion yen ($13.82 billion) from April to July. That is 3.6 times more than a year earlier.

China’s Global Times tabloid reported last month, citing analysts, that Beijing could cut its holdings of US Treasury bonds by 20 percent to $800 billion.

According to Tan Yaling, president of the private think tank China Forex Investment Research Institute, changes to China’s foreign exchange reserves were part of “a process of diversification” adopted years ago by the foreign exchange regulator. “We shouldn’t pursue a radical approach to de-dollarization – it does no good,” Tan said.

He Qing, from the Renmin University of China, said recently that “if China’s access to the US dollar is restricted, it would impact China’s overseas investment, foreign exchange reserve operations and lead to larger fluctuations of the yuan exchange rate in the short term.”

At the same time, some Chinese researchers argue the greenback’s role as the primary currency for international payments is waning.

The executive dean of Chongyang Institute of Financial Studies, Wang Wen, said that monetary easing by the US Federal Reserve is undercutting confidence in the US dollar as the world’s dominant currency.

The ongoing trade conflict between the United States and China and sanctions against Beijing’s biggest trading partners have forced China to take steps towards relieving the dollar dependence of the world’s second-largest economy. The People’s Bank of China has been regularly reducing the country’s share of US Treasuries.

China has been also pushing to internationalize its own currency, the yuan, which was included in the IMF basket alongside the US dollar, the Japanese yen, the euro and the British pound. Beijing has lately made steps towards strengthening the yuan, including accumulating gold reserves, launching yuan-priced crude futures and using the currency in trade with international partners.

Source: rt.com
africanian

africanian

  • Trending
  • Comments
  • Latest
From AI and climate tech to gender inclusion and digital skills, AfriLabs’ initiatives directly reached over 280,000 startups, entrepreneurs, and youth,

AfriLabs Expands to 514 Innovation Hubs Across Africa, Impacting Over 280,000 Entrepreneurs in 2024

July 19, 2025
Equatorial Guinea: Africa Oil to Participate in the 3rd Annual Supply Chain & Logistics Summit

Equatorial Guinea: Africa Oil to Participate in the 3rd Annual Supply Chain & Logistics Summit

July 21, 2025
AfriLabs and ATU Sign Landmark Deal to Accelerate Digital Innovation Across Africa

AfriLabs and ATU Sign Landmark Deal to Accelerate Digital Innovation Across Africa

July 19, 2025
Morocco mobilizes €100 Million to transform rural agriculture and boost youth and women’s employment

Morocco mobilizes €100 Million to transform rural agriculture and boost youth and women’s employment

July 22, 2025
Liberia unleashes youth capital to dream big

Liberia unleashes youth capital to dream big

July 22, 2025
Dreams Hub launches acceleration phase for Women- and youth-led green innovation projects in Congo Basin

Dreams Hub launches acceleration phase for Women- and youth-led green innovation projects in Congo Basin

July 21, 2025
Twitter Instagram Youtube Facebook
No Result
View All Result

Africanian News

Is a dedicated project aimed at amplifying the voices of the African Ecosystem and Diaspora. We actively collaborate with initiatives to improve access to education and digital inclusion, both in traditional schools and through digital platforms, for African children.

It’s crucial to emphasize that none of the articles or images featured on our platform are intended for copyright infringement, neither now nor in the future. If you believe that any information, text, image, etc., may be subject to copyright and should be removed, please notify us by sending an email to info@africanian.com

Your dreams matter; your stories matter.

Feel free to explore collaboration opportunities with us. Share your articles, thoughts, interviews, experiments, or no-comment videos by reaching out to info@africanian.com. You can also subscribe to our mailing list to receive the latest updates from Africanian News.

© 2024 Africanian News: From Africa, by Africans, for Africa, and friends of Africa.

No Result
View All Result
  • News
  • Politics
  • Business
  • Health
  • Sports
  • Entertainment
  • Tech
  • Travel
  • World

© 2024 Africanian News: From Africa, by Africans, for Africa, and friends of Africa.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Log In

Sign In

Forgot password?

Don't have an account? Register

Forgot password?

Enter your account data and we will send you a link to reset your password.

Back to Login

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Accept

Add to Collection

  • Public collection title

  • Private collection title

No Collections

Here you'll find all collections you've created before.