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Published 16 days ago

What does China actually hopes to achieve from ditching dollar forever?

Summary by Cryptopolitan
China is on a bold mission to cut ties with the US dollar and expects this move to majorly boost its economy by 2024. The plan? To stabilize foreign trade, ramp up investments, fuel the real economy, and kick consumption up a notch. They’re rolling out some serious reforms and initiatives to make it happen, according to Li Hui from the National Development and Reform Commission (NDRC). The rest of 2024 looks ripe for these changes to take root …

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What does China actually hopes to achieve from ditching dollar forever?

China is on a bold mission to cut ties with the US dollar and expects this move to majorly boost its economy by 2024. The plan? To stabilize foreign trade, ramp up investments, fuel the real economy, and kick consumption up a notch. They’re rolling out some serious reforms and initiatives to make it happen, according to Li Hui from the National Development and Reform Commission (NDRC). The rest of 2024 looks ripe for these changes to take root …

16 days ago
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