WHY WILL THE YUAN GAIN IN STRENGTH AGAINST OTHER CURRENCIES AS CHINA ACCUMULATES GOLD

We are living in a globalized world and China is the third largest economy in the world Although China has been a net importer of gold, the Chinese government sees value in gold as a way of diversifying an economy that is currently dominated by exports If China were to accumulate $2 trillion of gold, this would be a lot of money based on the current gold price However, if China were to start purchasing large quantities of gold, this would have a big impact on the gold market The more gold that China buys, the higher the gold price would go China would also be sending a signal to the rest of the world that gold is a valuable asset CHINA IS THE LARGEST EXPORTING COUNTRY IN THE WORLD The United States is the world's largest importing country This is because the United States has a large population that consumes a lot of goods China is the world's largest exporting country As a result, China is a net seller of goods to the rest of the world . China exports $3 trillion of goods per year to the world in 2021. China exports reflect 14 percent of the global market. United States is the top trade partner followed by Hong Kong and Japan and South Korea and Vietnam and Germany and Netherlands and India and the United Kingdom and Taiwan and Malaysia and Thailand and Mexico and Australia and Russia . China exports oil and gas, aluminum and steel, cars and trucks, pharmaceuticals, led and solar, processing equipment and fabric and bicycles and plastics and electronic components and lathes and adhesives and electrical equipment and beverages and finished goods. China has a $156 billion trade deficit with Taiwan for 2021. https://www.worldstopexports.com/chinas-top-import-partners/ China has a large population that is able to consume products that are made in the country This is why China's exports are so large China needs to export goods to its own people China has a large population that needs goods China is also a very large country with a lot of resources This is why China is the world's largest exporting country CHINA HAS A LARGE POPULATION China is the world's most populous country with a population that is approaching 1 5 billion China is a very large country with a lot of people This is why China produces a lot of goods and goods are sold to its population China is the world's largest trading nation This is because China's population is large and it needs many goods CHINA HAS A LARGE RESOURCE BASE China has a lot of resources and can produce a lot of goods This is why China is the world's largest exporter China is a country that has a lot of people, a lot of resources, and a lot of goods While China is the world's largest exporter, it is also the world's 2nd largest importer of goods in the world. Goods imported exceed $2 trillion. China imports agricultural goods, manufactured goods and chemicals and pork. China imports from Asia countries. China needs to import a lot of goods because it has a large population that consumes these goods China is a large country with a lot of people and a lot of resources https://www.statista.com/topics/1471/imports-to-china/