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The largest trading nation in the world looks forward to reduce transaction cost in international trade, which is, for the most part, settled in US dollars at the moment. 251 more words
Written by Miriam L. Campanella.
China’s economic strength often is referred to $3 trillion in foreign currency reserves. Piled up since the 90s with the start of the new economic policy, the composition of this wealth is made up by 70 percent (or $2.3 trillion) in U.S. 1,156 more words
The Chinese government has recently been facing a trilemma of the tanking yuan, increased capital flight, and shrinking foreign exchange reserves. Rubbing salt into the wound is US president Donald Trump who… 317 more words