China Expands Global Ambitions: From Yuan Dominance to Bullion Hub Strategy
China is accelerating its push for financial influence beyond yuan internationalization, now positioning itself as a global bullion hub. Cambodia has become the first nation to store gold reserves in Chinese vaults—a strategic MOVE that signals Beijing's broader ambition to reshape commodity markets and reduce dollar dependence.
The Shanghai Gold Exchange's Shenzhen facility will house Cambodian gold reserves, according to anonymous sources familiar with the sensitive arrangement. This development coincides with China's multi-pronged campaign to undermine dollar hegemony, combining currency diplomacy with tangible asset infrastructure.