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China Bets on Yuan Appreciation.
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2 Articles
The Asian country is trying to take advantage of a weaker dollar and is attempting to increase the use of its currency in international payment transactions.
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China Wants to Shield the Yuan with Gold, but Bitcoin Emerges as the True Refuge of the 21st Century
China is rebuilding a parallel financial system based on physical gold to reposition the yuan as a reserve currency and challenge the hegemony of the dollar. Its strategy combines massive gold accumulation, BRICS vault infrastructure and alternative financing to the IMF. But while China is betting on a centralized model anchored in hard collateral, the world is beginning to look to Bitcoin: a neutral, incorruptible and unowned asset that could b…
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