China can get rid of dependence on the dollar

Chinese officials are understandably very unhappy with the irresponsible confrontation shown by their U.S. counterparts when they discussed the country’s national debt. Unfortunately, discontent is irrelevant to international finance. The danger that awaits the United States is that after raising the country’s national debt ceiling, any measures to improve the dire financial situation will make … Read moreChina can get rid of dependence on the dollar

China is worried about the U.S. national debt

China has called on the United States to take responsible measures to improve confidence in the dollar in the midst of the U.S. debt crisis, thus expressing investor fears about a possible U.S. default. The call came at a time when representatives of U.S. political parties were debating a plan to raise the country’s public … Read moreChina is worried about the U.S. national debt

Demand for gold in China will grow even more

Over the past ten years, the rapid growth of the Chinese economy has fueled a rebound in the global commodity market and now, apparently, it is the turn of consumption and investment. According to the forecast of China Gold Association general secretary Jang Binyang, China will continue to outperform other countries in retail gold sales, … Read moreDemand for gold in China will grow even more