11 ms·
"And lastly China is successfully and very slowly reducing it's US dollar exposure." Disagreed - as the article and in other analysis points out, China has ove
by sgoraya 17y ago
"And lastly China is successfully and very slowly reducing it's US dollar exposure."
Disagreed - as the article and in other analysis points out, China has over 2 trillion in US dollars -slowly reducing or not adding to this huge pile of US dollars will have little impact on the near to mid term situation. China has alluded to reducing their treasury holdings but have not done anything thus far, IMO, it is just a leveraging tactic for negotiations - China must keep the yuan down in order to subsidize its exports without which they do not have much else driving their economy.