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China Is Reorienting Its Reserves Massively
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Gold, a safe haven (UnlimPhotos)Pekin reduces its exposure to U.S. Treasury bills to an unprecedented level for twenty years, withdraws colossal liquidity from its banking system and accumulates gold at a steady pace. Three distinct movements that, taken together, draw a defence strategy against a risk of global systemic crisis. L-or, a safe haven (UnlimPhotos) In the space of a month, the People's Bank of China (PBOC) has withdrawn nearly 1,150…
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