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Investors have been dumping Chinese stocks at an unprecedented pace, exiting the world’s second largest economy despite efforts by Beijing to juice growth by borrowing more to fund extra spending.
China’s push for a different world order that diminishes the US has extended to using its own currency instead of the dollar to pay for oil and gas imports, but the so-called “de-dollarisation” of some Chinese trade will not weaken the global importance of the greenback anytime soon. [Gas in Transition, Volume 3, Issue 9]
Research for Newsweek showed at least 115 mutual funds with Chinese companies sanctioned for reasons ranging from national security to human right abuses.