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The King scared away its biggest buyers with the sanctions on Russia. China is dumping its dollars. Other non-western countries like India have been slow to add
by spaceman_2020 3y ago
The King scared away its biggest buyers with the sanctions on Russia. China is dumping its dollars. Other non-western countries like India have been slow to add to their reserves after the Russia sanctions as well.
- ramesh31 3y ago>China is dumping its dollars. For what, though? This is a matter of China needing cash, not exchanging one investment for another.
- DSingularity 3y agoIf you say so.
- dgellow 3y agoFar from being an expert but from my understanding China’s economy is in a fairly difficult situation at the moment. They are selling because they urgently need lot of cash, not because they are afraid of USD value.
- spaceman_2020 3y agoAny country that’s not completely within USA sphere of influence would rationally not want to hold dollars after what they did to Russia’s reserves.