Reserves Threatened: China Urged to Dedollarize Its $3.3 Trillion Forex Stash

Quick Summary:

Economists are calling on China to curb the risks associated with holding over $3.3 trillion in its forex reserves.

The concerns are directed at the possible measures the upcoming U.S.president might take against the country, including tariffs and unilateral sanctions.

Reserves Threatened: China Urged to Dedollarize Its $3.

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Article Details

Author / Journalist: Sergio Goschenko

Category: Crypto

Markets: JapanChina

Topics: Economics U.S. dollar

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 22:19:04 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: news.bitcoin.com

Language: English

Article Length: 8 words

Reading Time: 1 minutes read

Sentences: 1 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoin News

News ID: 23438029

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About Bitcoin News

Main Topics: Crypto

Official Website: news.bitcoin.com

Update Frequency: 22 posts per day

Year Established: 2008

Headquarters: Japan

News Last Updated: 8 hours ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #62

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