A report issued by Renmin University’s International Monetary Institute argues against maintaining large foreign exchange reserves, mainly U.S. Treasuries, as the yuan adoption and trust grow. The document advises holding “moderately ample” levels of foreign reserves, with dollar bonds being their largest component. Report: China Should Reduce Forex Reserves As Yuan Matures China’s level of […]
Source link
Sen. Cynthia Lummis Says Clarity Act Talks With Democrats Continue Daily
The CLARITY Act remained in focus after Senator Cynthia Lummis said negotiations with Democrats are continuing daily, while Senate leaders...
