China Dumps US Debt, Calling it a ‘Ponzi Scheme’ as Dedollarization Accelerates
BEIJING – China has intensified its move away from the US dollar, cutting its holdings of American government debt to the lowest level since 2008. The move comes amid rising concerns over US debt sustainability, with one leading Chinese economist describing the system as a “Ponzi scheme” that Beijing no longer wants to be a […]
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