![China now has less than $3 trillion in foreign reserves, as it spends dollars to defend the value of its currency, the yuan. China now has less than $3 trillion in foreign reserves, as it spends dollars to defend the value of its currency, the yuan.](https://i.kinja-img.com/image/upload/c_fill,h_900,q_60,w_1600/ec6e9f3524d8793625c0333a631e07db.jpg)
China now has less than $3 trillion in foreign reserves, as it spends dollars to defend the value of its currency, the yuan.
![What Would Happen if China Started Selling Off Its Treasury Portfolio? | Council on Foreign Relations What Would Happen if China Started Selling Off Its Treasury Portfolio? | Council on Foreign Relations](https://cdn.cfr.org/sites/default/files/image/2018/06/china-treasury-sell-off-scenario1_0.png)
What Would Happen if China Started Selling Off Its Treasury Portfolio? | Council on Foreign Relations
![China's state banks seen selling dollars for yuan in London and New York hours - Business - Dunya News China's state banks seen selling dollars for yuan in London and New York hours - Business - Dunya News](https://img.dunyanews.tv/news/2023/August/08-17-23/news_big_images/747967_64789913.jpg)
China's state banks seen selling dollars for yuan in London and New York hours - Business - Dunya News
![Russia and China have been teaming up to reduce reliance on the dollar. Here's how it's going. - Atlantic Council Russia and China have been teaming up to reduce reliance on the dollar. Here's how it's going. - Atlantic Council](https://www.atlanticcouncil.org/wp-content/uploads/2023/02/2022-09-16T143853Z_833997249_RC27IW9JMQXF_RTRMADP_3_UZBEKISTAN-SCO-scaled.jpg)
Russia and China have been teaming up to reduce reliance on the dollar. Here's how it's going. - Atlantic Council
![Exclusive: China's state banks selling dollars offshore to slow yuan declines, sources say | Reuters Exclusive: China's state banks selling dollars offshore to slow yuan declines, sources say | Reuters](https://cloudfront-us-east-2.images.arcpublishing.com/reuters/A2RBQLA6GFKBRCO5SQZQSEMA4E.jpg)
Exclusive: China's state banks selling dollars offshore to slow yuan declines, sources say | Reuters
![Exclusive: China's state banks selling dollars offshore to slow yuan declines, sources say - Profit by Pakistan Today Exclusive: China's state banks selling dollars offshore to slow yuan declines, sources say - Profit by Pakistan Today](https://profit.pakistantoday.com.pk/wp-content/uploads/2018/06/hgfhf.jpg)
Exclusive: China's state banks selling dollars offshore to slow yuan declines, sources say - Profit by Pakistan Today
![China state-owned banks sell dollars, buy yuan in London, New York - report (NYSEARCA:CYB) | Seeking Alpha China state-owned banks sell dollars, buy yuan in London, New York - report (NYSEARCA:CYB) | Seeking Alpha](https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1014850994/image_1014850994.jpg?io=getty-c-w750)