ECONOMIC POWER PLAY! Americans HOARD Chinese Goods, China SELLS US Debt BUYING GOLD!｜AsianQuickTake

Welcome to Asian QuickTake, your source for insightful analysis of global politics and current affairs. In this video, we delve into the economic prowess of China and its implications for the global landscape. China’s economy, surpassing $18 trillion in 2022, has exceeded the United States’ $25.5 trillion, accounting for a significant share of global GDP. With US-China trade reaching over $750 billion in 2022, the US merchandise deficit with China has soared, reflecting the strong demand for Chinese goods among American consumers. China’s dominance in key commodities, such as steel, electronics, coal, and rare earth metals, highlights its indispensable position in the global supply chain. Moreover, China’s role as a major creditor to the US, holding substantial US debt, contributes to its influence in the financial sector. As China continues to increase its gold reserves and reduce its holdings of US debt, it signals a strategic shift and economic diversification. Join us as we explore China’s growing economic clout and its impact on the global stage. Stay tuned for our next video for more compelling insights. 💯TOP 3 Video Swiss Sells $36.4 billion U.S. Treasuries ▶ Africa Rejects US’ Blank Check ▶ China to Accelerate Dumping of Up to $800bn U.S. Debt ▶ ━━━━━━━━━━━━━━━━━━━━━ ✅ COPYRIGHT DISCLAIMER Asian Quicktake Doesn’t Fully Own Some of the Materials Compiled in Its Videos. It Belongs to People or Organizations Who Ought to Be Respected. If Used, It Falls Under the Following Provisions: Copyright Disclaimer Section 107 of the Copyright Act 1976. “Fair Use“ is Allowed for Purposes Such As Criticism, Comment, News Reporting, Teaching, Scholarships, and Research. ━━━━━━━━━━━━━━━━━━━━━ ✅ If You Are the Owner of the Materials Used in This Video, Let us Know in the Comments or Send a Email to me. We Will Follow Your Request Immediately. ━━━━━━━━━━━━━━━━━━━━━ ✅ FINANCIAL DISCLAIMER This Channel’s Content Should Not Be Interpreted or Construed As Financial Advice. We Are Not, and Do Not Claim to Be, an Attorney, Accountant, or Financial Advisor. This Channel’s Content is Not a Substitute for Financial Advice and is Solely for Entertainment Purposes.