Geopolitical Economy Report
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De-dollarization: China drops US Treasury bonds, instead buys gold, oil, metals
Posted
May 4, 2024
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May 4, 2024
518,838
19,723
2,705
4.32%
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19:37Now PlayingChina is reducing its holdings of US Treasury securities. Instead, the People's Bank of China is buying gold, and Beijing prioritizes imports of important commodities like oil and metals. Ben Norton discusses the geopolitical impact of de-dollarization in the world's largest economy.
Check out our related video "How the dollar's 'exorbitant privilege' enriches the USA (and global elites)"
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