Currently there is no description available for Cheng-Yun Tsang.
“We all know that China holds the biggest forex exchange reserves globally, and among them, the US dollar dominates. It's also noteworthy that China's foreign exchange reserves fell around $28bn to $3.22 trillion in January this year. China also relies heavily on the SWIFT system. These facts might well lead China to a somewhat prudent move when it comes to providing financing with Russia, as jeopardising its own ability to transact in US dollars would never be a good idea.”
28 Feb 2022
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