BRICS member China is pulling every trick up its sleeve to stall the growth of the US dollar and stocks. China is dumping both US treasuries and equities to keep the Yuan from ending at a new low against the US dollar. In August alone, China sold $21.2 billion worth of US treasuries and stocks to stop the rising dollar. The BRICS alliance combinedly indulged in a $123 billion worth of sell-off in US government bonds and treasuries this year. China is the flag-bearer for BRICS in its quest to free the world from the US dollar supremacy.
