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China’s forex reserves should move away from US dollar to curb risks: economist Zhang Ming

China’s forex reserves should move away from US dollar to curb risks: economist Zhang Ming

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VBL
Dec 15, 2024
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China’s forex reserves should move away from US dollar to curb risks: economist Zhang Ming
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China’s forex reserves should move away from US dollar to curb risks: economist Zhang Ming

‘Possible future sanctions from the US’ under a new US president have set off alarms in Beijing’s policy circles

Zhang Ming, deputy director of the Chinese Academy of Social Sciences’ Institute of Finance and Banking. Photo: Handout

Beijing should adjust its strategy in managing China’s US$3.3 trillion worth of foreign-exchange reserves, given the lingering threat of US financial san…

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