42 countries have applied to join BRICS organization, aim of #China and #Russia is to promote #Yuan currency and reduce #US dollar dominance.
@v1s1on-3ndl3ss.bsky.social
@v1s1on-3ndl3ss.bsky.social
@toppnews.bsky.social@toppnews.bsky.social
@aligarciaherrero.bsky.socialThe #yuan may remain stable, noting that significant dollar reserves parked in Hong Kong would remove some of the pressure from Chinese banks continuing to move funds into short-term US money market paper for higher yields.
@toppnews.bsky.social#agreement #bank #bilateral #billion #China #Executive #fund #geopolitical tensions #investment #Yuan
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@2k115.bsky.socialIs the yuan replacing the USD? Numbers say no. CIPS daily volume is a fraction of CHIPS, and global RMB FX reserves stay stalled at ~2%. Instead of shifting to heavily controlled currencies, central banks diversifying away from USD choose gold as a neutral reserve asset.
#Finance #Yuan
@commons-now.bsky.social@toppnews.bsky.social#China #e-commerce #launch #viral #Yuan
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@donporque.bsky.social¿Por qué la brecha de bonos China-EE. UU. alcanza un récord histórico? #Economia #China #EstadosUnidos #Bonos #DeudaPublica #Mercados #ReservaFederal #Fed #Yuan #Dolar #Inflacion #TiposDeInteres #felizviernes #11deseptiembre
@toppnews.bsky.social#AI #artificial intelligence #billion #China #intelligence #investor #Nvidia #Shanghai #Yuan
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@globalvisibility.bsky.social@toppnews.bsky.social@toppnews.bsky.social#bank #billion #China #government #interest rate #lending #stock #stock market #Yuan
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@toppnews.bsky.social@toppnews.bsky.social@toppnews.bsky.social#AI #artificial intelligence #Chase #China #Chinese #Executive #generative AI #intelligence #Li #Wang #Xu #Yuan
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@toppnews.bsky.social#AI #bank #Chinese #Executive #Hong Kong #Yuan
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@toppnews.bsky.social@toppnews.bsky.social#bank #Beijing #billion #China #economic growth #investment #stock #stock market #Yuan
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@toppnews.bsky.social