China Expects Major Economic Growth After Ditching US Dollar
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#eb220739 ver:0.12

China expects major economic growth in 2024 after ditching the US dollar and promoting the use of the renminbi. The alliance between China and Saudi Arabia, along with Russia's push for de-dollarization, could challenge the dollar's global dominance. Egypt plans to completely ditch the dollar by 2024, and the BRICS alliance is calling for Middle Eastern nations to stop using the dollar for oil payments. While there are roadblocks to de-dollarization, such as the dollar's pre-eminence and the RMB's lack of stability, the shift away from the dollar could have significant implications for the global financial system and US influence. #China #de-dollarization #BRICS...

#newstr #China #UsDollar #EconomicGrowth #Dedollarization #Brics #MiddleEast #Egypt #Russia #Mena #GulfStates 

 https://here.news/story/eb220739?ver=0.12