China Deepens Ties With ASEAN After Ditching US Dollar
The US dollar is currently standing on a vulnerable threshold as its foes have started to double up at a rapid pace. As an active BRICS member, China has already ditched the dollar and is deepening ties with ASEAN, an alliance that pioneers the multipolar currency agenda. The collective strength of BRICS and ASEAN doubling down on the US dollar could prove lethal for the currency as the regional currency narrative, coupled with de-dollarization, is growing stronger with each passing time. In this quest, China has deepened its ties with ASEAN, as the recent McKinsey & Company outlines the stark geopolitical shifts that these regions are active parts of. Also Read: Ripple Announces Major Partnerships That May Help XRP Claim $0.65 China And ASEAN: Strengthening Economic Ties And Impact On The US Dollar Source: Business Telegraph Deepening Trade Relationship The economic interdependence between Asia and other regions is doubling rapidly. According to McKinsey and Company’s latest repor...