Part 5/8:
Investment in the Belt and Road Initiative (BRI): This ambitious infrastructure project aims to enhance global connectivity and economic cooperation. China has diverted substantial portions of its foreign reserves to finance these developments.
BRICS Alliance: As a member of the BRICS group—comprising Brazil, Russia, India, and South Africa—China is participating in efforts to reduce reliance on U.S. financial systems. The collective reduction of U.S. Treasury holdings among BRICS nations aims at diversifying reserves and promoting local currencies.