China is not abandoning the U.S. dollar. It is doing something far more deliberate: redesigning its reserve architecture to reduce concentration risk, political exposure, and systemic dependency—without unsettling the markets it still relies upon.
China is not abandoning the U.S. dollar. It is doing something far more deliberate: redesigning its reserve architecture to reduce concentration risk, political exposure, and systemic dependency—without unsettling the markets it still relies upon.