Chairman Xi can offer the world a 'new Marshall Plan' that finances global development and growth while winding down USD debts, averting a crisis and instability.
https://x.com/Kathleen_Tyson_/status/1859247327057150395
The image is from the linked article, speculating that the China USD $2 Bn bond financed in Saudi last week (less than 2 basis point premium, 20X oversubscribed) could signal a new world order in which Global South can get USD and any needed liquidity in USD from China, ignoring IMF, World Bank, New York Fed, Eurobonds, and dominant incumbent banks.
The author's understanding of USD and the UST market and plumbing is imperfect, but the point is still powerful.
Chairman Xi can offer the world a 'new Marshall Plan' that finances global development and growth while winding down USD debts, averting a crisis and instability.
China wound down its massive property bubble and debts to a manageable level without crisis.
And because these Saudi-issued USD bonds are custodied in Saudi, they are beyond US sanctions reach.
indi.ca/how-china-star
posted by Satish Sharma at
03:05
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