The Chinese yuan is basically going to decline, it's recommended to hold less yuan.

#美债 #中国经济危机 , as large amounts of foreign capital begin to flee China, is once again forced to sell 11.9 billion US dollars in government bonds to facilitate foreign companies' payments to leave China and stabilize the exchange rate. Currently, foreign exchange reserves have reached 440 billion US dollars. Trump's re-election has intensified trade blockades against China. If Canada and Mexico do not stop purchasing raw materials from China, they may face tariffs. Malaysia and Vietnam are also prohibiting the assembly of Chinese raw materials within their borders to benefit from reduced tariffs on re-export trade, otherwise, they may face sanctions from the United States. Due to non-compliance with contracts stemming from the WTO, the Hong Kong National Security Law, and the Budapest Memorandum, China faces a credit bankruptcy. The Chinese yuan will depreciate in the long term. Personal suggestion: Hold US dollars in the long term, and it is not recommended to open a Chinese-funded bank in Hong Kong as foreign exchange reserves may hit bottom and be subject to forced conversion. Business owners are advised to relocate industrial raw materials to countries like Vietnam. $BTC