Group 1 - The U.S. has publicly acknowledged that its strength is now on par with China's, marking a significant shift in strategic perception and prompting global financial market reactions [2][4][8] - The International Monetary Fund's report for 2024 indicates that China's economy, measured by purchasing power parity, has maintained its position as the largest in the world for several consecutive years [4] - In key indicators such as manufacturing output and total goods trade, China continues to lead, while the U.S. is losing its traditional economic advantages [6] Group 2 - Following the U.S. statement, global central banks have accelerated their gold purchases, with the World Gold Council reporting a net purchase of 337 tons in Q3 2024, a 28% increase from the same period in 2023 [10][12] - China's central bank has notably increased its gold reserves by over 200 tons from November 2023 to September 2024, reaching a total of 2,367 tons [10] - Other emerging markets, including India and Brazil, are also increasing their gold reserves significantly, with India's total reaching 895 tons by Q3 2024 [12] Group 3 - Russia has initiated the issuance of its first sovereign bonds denominated in RMB, with a total issuance planned for December 2025, marking a strategic financial move in the context of U.S.-China power balance [17][20] - The share of RMB in bilateral trade between Russia and China has surpassed 45% in the first half of 2024, providing a solid foundation for the issuance of RMB-denominated bonds [20][22] - The issuance has attracted significant interest, with over 300 billion yuan in subscriptions for 15 billion yuan of bonds, indicating a growing demand for RMB assets [22][25] Group 4 - The interplay of the U.S. acknowledgment of power parity, the gold accumulation by central banks, and Russia's issuance of RMB bonds is driving a shift towards a more diversified international financial order [27][29] - The dominance of the U.S. dollar is weakening, as countries diversify their reserve assets and the internationalization of the RMB progresses [27][29] - Gold is regaining its core reserve status, with predictions of over 1,000 tons of net gold purchases by central banks in 2025, highlighting its importance for financial security [29][31]
美承认中美实力持平后,央行狂囤黄金,俄也主动发行人民币主权债
Sou Hu Cai Jing·2025-12-08 16:11