Chinese consumers, speculators and even the Central Bank of China
they invest in gold to diversify their reserves and reduce their
dependence on the US dollar.
Rising demand for gold in China has pushed prices up
record on the global precious metal market.
On the other hand, President Xi Jinping undertakes, in Europe, the first
to visit the continent in the last five years.
This tour includes stops in France, Serbia and Hungary – open countries
to China’s influence and eager to strengthen economic ties with
Beijing.
Xi aims to strengthen China’s presence in Europe and weaken it
the continent’s ties with the United States.
The two actions have a common goal: while investing in gold for
to protect its reserves and to reduce its dependence on the dollar
American, China also exerts its influence in Europe,
trying to bring countries closer to Beijing and offer an alternative to
US hegemony.
Through these coordinated efforts, China is positioning itself as a key player
in the new world order and tries to create a more favorable balance
for his own economic and diplomatic agenda.
Tags: Undermining American world domination Jinping visits Europe China frantically buys gold #05.05.2024
-
