Chinese Bank Updates

Investment Analysis Clubs Macro Economic Trends and Risks
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Interesting developments in China. Fearful of U.S. sanctions, some banks are refusing payments from Russia.

Some Chinese banks are so fearful of sanctions that they’re returning payments for goods that have reached Russia, report says (msn.com)

Also, large Chinese banks are buying dollars like mad.

https://www.msn.com/en-us/money/markets/china-state-banks-buying-dollars-amid-rapid-yuan-gains-sources-say/ar-AA1pH3Yv?ocid=winp2fptaskbar&cvid=494b5e76219744a5f037f986860799a4&ei=8

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Buying USA dollars rather than Brazilian, Russian, Indian, or crypto? I am sooooooo surprised.

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You forgot to mention gold. Not that it matters.

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