China reduced its holdings of U.S. bonds, gold purchases increased, and German media speculated that

Mondo Finance Updated on 2024-01-29

Since the beginning of this year,International gold pricesSoaring like a rocket, around the worldFinanceAgainst the backdrop of market turmoil, the surge in gold prices has deepened concerns about the future of the global economy. Faced with this situation, the West began to hype up the so-called "China secretly pushing up the price of gold" and falsely claimed that China **U.S. Treasuries, additional purchasesIt is to "attack Taiwan". "Deutsche Welle" and others** cited so-called "experts" to explain that China isInternational gold pricesThe "driving force" behind the continued rise and the increase in Chinese purchasesBuying aggressively with RussiaOn a par, to support the "theory of attacking Taiwan". However, the facts do not correspond to these ** propaganda.

China has increased over the past periodThe reserve does not have anything to do with the so-called "behind-the-scenes", let alone with the "attack on Taiwan". First of all, not only the central bank of China is increasingreserves, central banks are also on the rise in gold purchases around the worldThe demand trends report shows that central bank purchases rose 14% y-o-y in the first three quarters of the year to a record 800t. Although China's gold purchases of 200t are among the highest in the world, China'sThe reserves are only 2,215 tons, which is far lower than that of the United States and Russia. Secondly,International gold pricesThe root cause is not just the increase in demand, but more importantly the irresponsibility of the United StatesFinancial policyresulting in a potential debt crisis. Central banks of major economies choose**U.S. TreasuriesOr even sell-offU.S. TreasuriesThe reason for this is because of the Fed's aggressive interest rate hikesU.S. TreasuriesBecome a losing trade. As a result, China and other countries have increased purchasesIt is to maintain its own foreign exchange stability, not the so-called "preparation for attacking Taiwan".

The West will buy more from ChinawithThe situation in the Taiwan Straitwith the intention of diverting the world's attention from the United States. Partial **utilization".China Threat Theory"to create negative reports about China in order to contain China's rise. China should pay more attention to the motives behind such low-level hype. Recently, the world has been paying attention to the situation in Gaza, and the situation in Ukraine has heated up again, and the West has suddenly begun to hype upInternational gold priceswithThe situation in the Taiwan Strait。This can be seen as an attempt by the West to divert attention from the international focus on the ugliness of the United States and the decline of its international moral image. However, under the general trend of the east being strong and the west weak, this kind of inferior hype method has no obvious effect on deceiving the world, and only the initiator of the West can deeply realize this.

In the face of groundless accusations and distorted reports from the West, China needs to remain calm and calm, and continue to push forward its own development path with a positive attitude. China added purchasesThe initiative is in the long-term interests of the country andFinancestability, is in view of the globalFinanceThe situation and the United States are irresponsibleFinancial policystrategic decisions made. China is not only inThere has been an increase in reserves, and at the same time it is being promotedFinanceThe process of diversification and internationalization of the market. China should take its own actions to safeguard its national interests and strengthen cooperation with other countries, including Russia, to safeguard the worldFinanceStable.

In short, the West has increased its purchases from ChinaThe attacks carried out were unfounded. China added purchasesIt's for the sake of self-preservationFinanceStability and foreign exchange reserves have absolutely nothing to do with the so-called "attack on Taiwan". China should remain confident and calm, stick to its own development path, and work together to safeguard the world by strengthening cooperation with other countriesFinanceStable. At the same time, China should also strengthen its own propaganda, respond to the lies and hype of the West in a timely manner, and let the world understand the real situation of China more objectively. Only in this way can China better cope with external disruptions and challenges and achieve its own development goals.

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