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Answer the real inside story of why China increased its holdings of gold-600 tons of gold reserves are kept in the United States.
1990? Can you provide authoritative links? To solve the mystery of 600 tons of gold stored in the United States, we must contact the domestic and international situation around 1990 for textual research. What is the domestic and international situation around 1990? As we all know, a very important political event happened in China the year before this year. Since then, the United States-led western world has threatened to impose joint sanctions on China. This kind of sanctions is usually called economic blockade. What will happen to China in the event of an economic blockade? The export-oriented economy will collapse rapidly, and the whole economic system will collapse completely, which is unbearable for the ruling authorities. There is no choice but to negotiate with the western leader, the United States, in order to avoid economic blockade as much as possible. We don't know the details of the negotiations, but the result is that China's gold reserves are forced to be transferred to the United States for storage, which is not only the political mortgage of China, but also the economic mortgage of China. In the end, the West failed to impose comprehensive economic sanctions on China, and only the arms embargo with little influence has continued to this day. Why did the western economic sanctions against us turn into a fatal threat at that time? On the one hand, China's economy had little influence on the world at that time, and the blockade of China did little harm to the West. However, at that time, China's economy followed the previous model of Japan and the Four Little Dragons in Asia, that is, relying on exports to revitalize the national economy, which decided that we had to rely heavily on the consumer markets of western developed countries. Besides, our economy is heavily dependent on foreign investment. Once foreign investment is withdrawn and stopped, China's economy will suffer a devastating blow. On the other hand, at that time, great changes took place in the Soviet Union and Eastern Europe, and the global order was violently turbulent. Western countries, led by the United States, easily won an all-round victory in the Cold War, thus gaining overwhelming global strategic advantages. In this case, China just tried to avoid discoloration, and paid a very heavy political and economic price for it, so it simply could not bear the heavy pressure from the West. There is no way. If China does not compromise politically, it will have to compromise economically. Not only will its gold reserves reach the United States, but the cost of joining the WTO is also high. Why did China desperately accumulate US dollar reserves and actively buy US Treasury bonds? This is not mainly an economic factor, but the political meaning should be more prominent, that is, desperately trying to please and rely on the United States in order to achieve the balance of political and economic relations between China and the United States. Having said that, we may be able to understand why we have been cheated again and again in our dealings with the United States and have no choice. Not only the gold reserves are in the hands of others, but even most of the foreign exchange reserves are in the Bank of America. How can I lose my temper?