A top Chinese economist named Yu Yongding appears to be prepping the Chinese people and the world for a future move that will see the fascist state divest itself of all U.S. Treasury holdings. The economist wrote an editorial that would never have been published without CCP approval giving “economic” reasons why China should divest from U.S. Treasury holdings.
The move could be seen as a bargaining chip, and it might prove to be that, but it could also be a move to prepare the world for a near-future action, one that would most likely happen should the DNC-CCP not prevent Donald Trump from winning back the Presidency in 2024.
China urged to cut US Treasury holdings – www.thestandard.com.hk
Excerpt:
China must systematically decrease its holdings of US Treasuries due to low interest rates and the potential risks over America’s growing net debt overseas, a top mainland economist says.
Yu Yongding, a Chinese Academy of Social Sciences academician, said the ratio of US national debt to gross domestic product will persistently increase, signifying a continuous deterioration of the country’s overseas net debt over time.
The ongoing interest rate hikes by the US Federal Reserve may also accelerate the deterioration of the country’s overseas net debt, he added.
China, said Yu, must accelerate the adjustment of its overseas asset structure and enhance returns on overseas net assets. To achieve this, it should reduce the proportion of foreign exchange reserves in its overseas assets, he said.
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