The Rise of the Yuan and the Decline of the Dollar

The Rise of the Yuan and the Decline of the Dollar

Jun 3, 2023 | Economic Collapse

Since the end of World War II, the US dollar has been the world’s dominant reserve currency, with countries around the world needing to hold large amounts of dollars to facilitate trade and investment. However, recent developments suggest that the dollar’s position is...
From Emperor Van Man to Xi: Light and Shadow of Chinese Gold

From Emperor Van Man to Xi: Light and Shadow of Chinese Gold

Feb 5, 2020 | Gold

China ranks first in the world in gold mining and actively imports this precious metal In the year 23 BC e. the treasury of Emperor Van Man (Western Han Dynasty) managed to accumulate more than 5 million ounces of gold, which is several times higher than the...
China Hopes To Launch Cryptocurrency By 11/11/19

China Hopes To Launch Cryptocurrency By 11/11/19

Aug 29, 2019 | News

China’s central bank — the People’s Bank of China — has developed a prototype of a cryptocurrency that it could end up in circulation in the near future. It would be introduced alongside the China’s primary currency the renminbi (also called the yuan). China will...