As a plan to boost national currency settlement among member countries of the Shanghai Cooperation Organisation (SCO) gained attention at the eighth Eastern Economic Forum (EEF), and the topic of de-dollarization was closely watched, Chinese observers following the meeting said that progress has been made in cutting reliance on the greenback, but the process will be a long one.
Plan to boost local currency settlement among SCO countries underway pakistantoday.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pakistantoday.com.pk Daily Mail and Mail on Sunday newspapers.
Chinese mainland has reduced its US treasury bonds for the third consecutive month in June to $835.4 billion, dropping to the lowest in 14 years, data from the US Treasury Department revealed on Tuesday local time.
US set to borrow more despite credit rating downgrade by Fitch en.people.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.people.cn Daily Mail and Mail on Sunday newspapers.
China’s economy is slowing and unemployment rising as the country struggles to emerge from zero COVID policies. Talk of “de-risking” isn’t helping either.