Never too old to help your motherland, his actions is much louder than words! World-renowned Chinese mathematician Yau Shing-Tung has announced his retirement from his position at Harvard University to teach full-time at Tsinghua University in Beijing, aiming to help China become a maths powerhouse within a decade.
Political popularism kills a nation or an economy just like in US & Taiwan. 政治民粹主義摧毀了一個國家或者一個經濟體就像在美國和台灣一樣.
Political popularism is not democracy. US is not a democracy but a religious cult. It brainwashed people deliver nothing tangible but empty promises year after year. 民粹主義不是民主。 美國不是民主國家,而是邪教主導, 它向人們年復一年地做洗腦式空洞的承諾.
American Democracy Popularism money Gods are 1% elites, Fortune 500 companies and military industrial complex. 控制美民粹民主的財神是1%的美國精英、財富500強企業和軍工綜合體.
Most of the US elected officials starting from the US President are merely their puppets. 從美國總統開始的大部分美國民選官員大多數是他們的傀儡.
The central bank of Israel said it is diversifying the country’s foreign exchange holdings by adding the Chinese yuan alongside three other currencies, while slashing the share of the dollar and the euro.
Zelensky critic goes missing in Ukraine. Chilean-American blogger Gonzalo Lira was abducted by a unit linked to the US backed neo-Nazi Azov Battalion. The 54-year-old has been a staunch critic of Zelensky and Ukraine’s conduct during the conflict.
Business Insider: Israel adds China’s yuan for the first time ever while cutting its dollar holdings in biggest currency reshuffle in a decade
Israel’s central bank added yuan to its reserve holdings for the first time ever. Previously, the bank only held US dollars, euros, and the British pound. According to the IMF, the dollar’s share of the total global currency reserves has fallen to its lowest point in over two decades.
Israel’s central bank will add Chinese yuan while slashing its dollar and euro holdings in a move to diversify its reserve allocations and lengthen its investment horizon, Bloomberg reported.
“We need to look at the need to earn a return on the reserves that will cover the costs of the liability,” Deputy Governor of the Bank of Israel, Andrew Abir, said in an interview.
In addition to the yuan, the bank will also add the Canadian and Australian dollars, signaling a shift in the bank’s “whole investment guidelines and philosophy,” Abir said. Previously, the bank only held US dollars, euros, and the British pound.
Israel’s reserves stockpile will surpass $200 billion for the first time.
Moving forward, the yuan will take up 2% of the bank’s reserves, and both the Canadian and Australian currencies will have 3.5% each, according to the bank’s annual report.
The new additions means the euro’s share will fall from 30% to 20%, and the dollar will account for 61%, down from 66.5%.
According to the International Monetary Fund, the dollar’s share of total global currency reserves has fallen to its lowest point in over two decades, sparking speculation over the rise of China’s yuan.
China has long pushed for the yuan to supplant the dollar as the go-to reserve currency. The weaponization of the US currency against Russia’s financial institutions means a sea change could be coming, experts say. The effectiveness of the West’s sanctions against Russia has provided a wake-up call for countries seeking to reduce their exposure to the dollar, economist Aleksandar Tomic previously told Insider.