How Chinese describe America? The China currency strategy explained
It's eye-opening to see how the Chinese describe America and its dollar system. China sees the pandemic as a golden opportunity for the “dedollarization” effort, to get the world "deeply tied" into the Chinese economy and Chinese currency yuan. This is not just a talk given by professor Di dongsheng. It's the actual Chinese plan to take over. Ultimately, through the belt road initiative, they want to build a community of common destiny. In 2020, China’s global expansion was notable. Foreign investments poured into the Chinese capital market, particularly Chinese bond market.
0:00 Intro
1:09 Chinese describe America
3:08 China’s currency strategy
5:23 Chinese capital market during the pandemic
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References:
https://finance.sina.com.cn/money/forex/forexroll/2021-03-17/doc-ikkntiam3169592.shtml
https://www.ft.com/content/c1e8897c-32a5-402d-837a-ba7df135c069
https://www.theepochtimes.com/beijing-accelerating-plans-to-replace-us-dollar-as-world-reserve-currency-chinese-professor_3758574.html
https://www.reuters.com/article/global-forex-reserves-int-idUSKBN2BO3U1
Original Chinese Video: https://m.weibo.cn/status/4600442674223809
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