![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
![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.
![china: China's state banks seen selling dollars offshore to slow yuan declines: Sources - The Economic Times china: China's state banks seen selling dollars offshore to slow yuan declines: Sources - The Economic Times](https://img.etimg.com/thumb/width-1200,height-900,imgsize-107228,resizemode-75,msid-101972812/news/international/business/chinas-state-banks-seen-selling-dollars-offshore-to-slow-yuan-declines-sources.jpg)
china: China's state banks seen selling dollars offshore to slow yuan declines: Sources - The Economic Times
![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
![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
![Which 8 countries are using China's yuan more, and what does it mean for the US dollar? | South China Morning Post Which 8 countries are using China's yuan more, and what does it mean for the US dollar? | South China Morning Post](https://cdn.i-scmp.com/sites/default/files/d8/images/canvas/2023/05/10/98cd1bf1-3519-4200-94cb-40f7eddd2f5f_f30558a2.jpg)