news@hexbear.netEnglish · 6 months ago

China isn't dumping dollars. They're dumping banks, and setting up a new financial system.

www.youtube.com

cross-posted to:
economics@lemmy.ml

China isn't dumping dollars. They're dumping banks, and setting up a new financial system.

www.youtube.com

☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to

news@hexbear.netEnglish · 6 months ago

cross-posted to:
economics@lemmy.ml

China isn't dumping dollars. They're dumping banks, and setting up a new financial system.

www.youtube.com

China runs massive trade surpluses with North America and Europe. Those markets pay in US Dollars or in Euro. Every day China earns about $2.7 billion USD ...

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invalidusernamelol [he/him]@hexbear.net
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6 months ago
Possibly the only instance of that capitalist process being used for good lol

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