As Washington Threatens To Shutdown China Banks, Beijing Sells Record $79.7B In US Debt & Stocks

As Washington Threatens To Shutdown China Banks, Beijing Sells Record $79.7B In US Debt & Stocks
Sean Foo

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154,175 views Jul 23, 2024
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Jake Sullivan, the US NSA advisor, just warned Chinese banks. This threat is a dangerous one and risks upsetting the global economy. Trade could be severely disrupted and supply chains broken. Meanwhile, China understands the risk and a recent report confirms they are exiting dollar assets in a big way. They sold $79.7 Billion of US assets from January to May this year, a new record.

China Asset Sell-Off Source: https://www.bloomberg.com/news/articl...

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✅ Timestamps & Chapters:
0:00 Sullivan Targets China Banks
2:43 China Fleeing US Assets
5:55 Feeding Into Further De-Dollarization
7:51 Sponsor: Indigo Precious Metals
9:15 Risking China Anti-USD Trade
10:27 Disastrous China Tariff Risk
13:29 China Has No Choice

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