LIVE: China Bets Billions on Dollar's Decline in New US Rivalry Front | Vantage with Palki Sharma

LIVE: China Bets Billions on Dollar's Decline in New US Rivalry Front | Vantage with Palki Sharma

China is opening a new front in its rivalry with the US, this time targeting the US dollar's dominance. Through its state-owned banks, China has placed over $100 billion in bets against the dollar since the last year, hoping to weaken it and strengthen the Yuan. This strategy, known as "shorting" a dollar, involves swapping a currency (Yuan, in this case) with the dollar and waiting for the dollar's value to fall over a period of time. If and when the dollar weakens, Beijing would profit on the difference. Experts believe this isn't exactly "currency warfare," but rather a defensive move by Beijing. China's Yuan has been losing value recently due to a slowing economy and increased demand for dollars. By weakening the dollar, China hopes to make the Yuan relatively stronger. However, this strategy carries risks. If the dollar continues to strengthen, Beijing could lose billions, as some estimates suggest they already have.

The economic relationship between the US and China has been deeply intertwined for years. However, recent events like the US-China trade war and a push for American companies to reduce reliance on Chinese manufacturing point towards a growing rift. On Vantage tonight, Palki Sharma brings you more.

---

China | USA | US Dollar | Trade War | Joe Biden | Xi Jinping | Export | Firstpost | World News | News Live | Vantage | Palki Sharma | News

#usa #china #dollar #tradewar #xijinping #joebiden #firstpost #vantageonfirstpost #palkisharma #worldnews

Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.

The show is anchored by Palki Sharma, Managing Editor, Firstpost.

By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories – making Vantage a destination for thought-provoking ideas.

Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms.
​
Subscribe to Firstpost channel and press the bell icon to get notified when we go live.

Follow Firstpost on Instagram:

Follow Firstpost on Facebook:

Follow Firstpost on Twitter:

Follow Firstpost on WhatsApp:

n18_live_dl

[andyb.]

I watch every one of your reports from the U.S. and can’t express how much I enjoy your news channel. I love listening to you break down complex political issues from around the world. You are truly the best of the best. I wish there were more like you, but you’re one of a kind. Keep up the great work!

[Theteneth]

Always with Firstpost From Sierra Leone 🇸🇱🇸🇱🇸🇱

[gayathriharsha]

Happy Ganesh chaturthi in advance dear Palki Sharma n your team ❤

[gondolacrescent]

I live in Canada-I’m unilingually and ethnically, English. The International news I get from the conventional, English language news sources of the West, frequently ignores what I consider to be newsworthy items. It’s always refreshing and uniquely informative to watch this broadcast. ((very interesting to hear news of the Chinese propping-up the value of the Yuan with a significant monetary exchange of $USD.))

[TerriMelzer]

My portfolio’s been all over the place since the attempt on the presidential candidate. Combine that with China’s economic crisis, and it feels like everything is falling apart.

[ajay_motorider]

That 'bank' example was awesome so that everyone can understand.

[khalidmustafa]

Out of top 100 banks in the world china owns 20 that is 20% of world s wealth
They can afford 2 play this game

[reneamin]

Am glad I was among the first 100 subscribers for this channel ❤🇨🇲

[KennyL]

China average trade surplus is more 1B USD per day. So shorting 100B USD maybe a problem for India. But it is no sweat for China.

[vfxcosplay]

Hi guys, I'm a huge fan of Vantage but at the 25th minute the voice over of the young french men with glasses is completely different from what he said.
Basically he just said that he never heard about the new prime minister and will check to know who he is.
Please be careful about that because now it makes me wonder if translations in languages I don't know are accurate.
Much Love!
Keep it up.

[mehruneusufzai]

Thank you so much Ms. Palki Sharma for the worlds news updates and analysis as always. ❤❤❤❤❤❤❤❤❤

[MaryMuhammad-jily]

Thank you for the good job you are doing

[hs]

I have been following the US elections .You and Vantage make me a proud lndian because you are a altruistic reporter and not like Fox TV News that are vulger, bias and untruthful and a shame to real journalism.
Love you Palki for what you stand for.

[lucidtau]

6 trillion dollars and still we have poverty and food scarcity....this is humanity's new low.

[kingslj]

Well said by Mr Mwewa & God bless him

[close_all_tabs]

Now I have to ask.... Does Modi have children? Is he even married? Is there a First Lady? The internet does not give answers. Weird.

[edwinarzu]

Watching vantage from Belize with Ms palki ❤❤🎉🎉🎉🎉🎉🎉.

[Mhow-ibkq]

Chinese Bank ??
How about rupees of India 😮😮😮😢😢😢

[Change-xpts]

China still holds around 650b US bonds. why would it want to bet on its decline? Do your homework..

[IndianaCones]

Increase taxes on the middle class, huge taxes on cars then wonder why car sales are down.