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DeepNewz, mobile.
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China and Russia are considering reducing their reliance on the US dollar, exploring deeper financial integration in their financial infrastructure and expanding currency settlement cooperation. This move comes as the dollar is increasingly viewed as 'toxic and weaponized,' according to a Russian economist. A senior economist at the People's Bank of China has warned of rising risks to China's financial security due to the evolving geopolitical environment, recommending deeper integration into global financial markets to mitigate potential U.S.-led sanctions.
A senior economist at the People’s Bank of China warns of increasing risks to 🇨🇳’s financial security from an evolving geopolitical environment and recommends integrating 🇨🇳 deeper into global financial markets to reduce the risk of possible U.S.-led sanctions.
China, EU, & US increasingly politicizing global finance/commerce has put at risk @IMFNews ability to assist member countries & limit exploitative behavior by govts of the 3 largest economies. I argue why and how IMF must get out in front of these dangers @PIIE…
China and Russia should “team up to reduce their reliance on the US dollar,” further explore integration in their financial infrastructure, and expand currency settlement cooperation, as the dollar has become increasingly “toxic and weaponized,” a Russian economist told the… https://t.co/cAY7vQ9mIh
