US President Joe Biden attends an economic briefing in the White House. Under Biden, a less confrontational approach to US trade with China would help stabilise exchange rate tensions. Photo: EPA-EFE
Opinion
Opinion
Macroscope
Why China will have a tough time decoupling from the US dollar
- When weighed against the risks, US Treasuries still offer the best returns for China’s massive reserve stockpile. Diversifying into the euro and yen, for example, would mean giving up yield
US President Joe Biden attends an economic briefing in the White House. Under Biden, a less confrontational approach to US trade with China would help stabilise exchange rate tensions. Photo: EPA-EFE
