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　　The Federal Reserve Building in Washington, USA.

　　Xinhua News Agency reporter Liu Jieshe

　　In recent months, many economies around the world have intensively introduced new measures to strengthen local currency settlement in cross-border trade and investment. Experts pointed out that influenced by the dollar risk factors and driven by the development needs of countries themselves, there is a global trend of "de-dollarization". But it is still too early to say that the dollar has collapsed. In the future, with the in-depth development of multi-polarization in the world, countries will have new demand for the development of payment and settlement mechanisms in economic and trade cooperation, which will hopefully promote the exploration of international currency diversification.

　　Many countries "pull away" from the US dollar

　　According to the website of The Indian, the Indian Foreign Ministry recently issued a statement saying that India and Malaysia have agreed to use Indian Rupee for trade settlement. The United Bank of India and others will provide support for this new mechanism. According to the report, this move shows that India is willing to take concrete measures to realize the "dollarization" of its international trade.

　　There are other major economies trying to settle in local currency. Agence France-Presse reported recently that China and Brazil have reached an agreement that RMB or Brazilian real can be used for settlement in bilateral trade between the two countries in the future, instead of using the US dollar as an intermediate currency. The Brazilian Trade and Investment Promotion Agency said in a statement that it is expected that this will reduce costs and promote more bilateral trade and investment.

　　According to the website of ASEAN Briefing, the meeting of ASEAN finance ministers and central bank governors was recently held in Indonesia. The first agenda of the meeting is to discuss how to reduce the dependence of financial transactions on US dollars, euros, Japanese yen and British pounds and turn to local currency settlement. At the meeting, Indonesian President joko widodo also urged other ASEAN countries to use credit cards issued by local banks and gradually stop using foreign payment systems, including Visa and MasterCard in the United States.

　　Prior to this, Iraq, OPEC’s second largest oil producer, also announced new international trade settlement measures. According to Reuters, the Iraqi Central Bank said on February 22nd that the country plans to allow the settlement of import trade from China in RMB for the first time. Previously, the country’s trade with China has been settled in US dollars. Iraq’s central bank said that the new regulations will improve Iraq’s access to foreign exchange.

　　Latin America is also on the move. According to the Financial Times, in January this year, Brazilian President Lula and Argentine President Fernandez announced that the two countries would make preparations for the creation of a common currency belonging to Latin America and would invite other countries in Latin America to join in order to promote regional trade and reduce their dependence on the US dollar.

　　In recent years, the global call for "dollarization" has been growing, and major economies, including developed countries and emerging market countries, have implemented the "dollarization" policy by innovating cross-border payment and settlement mechanisms, signing bilateral currency agreements, and promoting the diversification of foreign exchange reserves.

　　In order to bypass the SWIFT dollar settlement system, Europe launched the "trade support tool" (INSTEX) in early 2019. In March 2020, Europe and Iran reached the first barter trade under INSTEX settlement mechanism. At present, France, Germany, Britain, Belgium, Denmark, Finland, the Netherlands, Norway and Sweden have all joined the mechanism.

　　In January 2022, Turkey and the Central Bank of the United Arab Emirates signed a currency swap agreement worth 64 billion lira and 18 billion dirhams to promote bilateral trade in local currency. Last April, the Bank of Israel included Canadian dollar, Australian dollar, Japanese yen and RMB in its foreign exchange reserves for the first time. Previously, the country only held three currencies: the US dollar, the British pound and the euro. In July last year, the Iranian foreign exchange market launched the Iranian rial/Russian ruble currency transaction. Subsequently, Russia also indicated that it would gradually give up using the US dollar in its trade with Iran. In January this year, Saudi Arabia also expressed its openness to the settlement of trade in non-US dollars at the Davos Economic Forum.

　　As more and more countries consider "distancing themselves" from the US dollar, the proportion of global reserves of the US dollar is changing. According to the data of the International Monetary Fund, by the fourth quarter of 2022, the proportion of US dollars in global foreign exchange reserves had dropped to 58.4%, the lowest level since 1995.

　　The attractiveness of dollar assets has also declined. According to the data of the US Treasury Department, major overseas holders of US debt, such as China, Belgium, Luxemburg and France, have continuously reduced their holdings of US debt in the near future. According to the data of the Federal Reserve, in the week ending March 22nd, the US debt held by foreign investors decreased by $76 billion, which was the biggest weekly decline since March 2014. A report recently released by the US Treasury Department also shows that in January this year, at least 16 countries in the world sold US debt.

　　Multiple factors work together.

　　Many analysts pointed out that the indiscriminate application of financial sanctions by the United States is a direct factor in the acceleration of global "dollarization".

　　Paul craig roberts, former assistant treasury secretary, said recently that American hegemony has always depended on the status of the US dollar as a global reserve currency since World War II, and the recent financial sanctions in the United States have proved that the US dollar is no longer safe. The American magazine International Banker also reported a few days ago that the trend of "dollarization" around the world may not be so surprising, considering that about a quarter of the world’s population is directly affected by US financial sanctions.

　　Cui Jianjun, a professor at the School of Economics and Finance of Xi ‘an Jiaotong University, said in an interview with this reporter that since the Ukrainian crisis, some countries led by the United States have launched several rounds of financial sanctions against Russia. The most severe sanctions are two: First, freezing half of Russia’s foreign exchange reserves, totaling about 300 billion US dollars; The second is to kick major Russian banks out of the SWIFT settlement system. These "unjust actions" that seriously violate the rules of the free market economy and weaponize the US dollar have caused panic in various countries and become the fuse of the current global wave of "dollarization".

　　The irresponsible monetary policy of the United States has also forced many countries to explore countermeasures. Cui Jianjun said that since March last year, the Federal Reserve ended its loose monetary policy and turned to a radical interest rate hike policy, which caused turmoil in the international financial market. Many developing countries suffer from severe inflation and face devaluation of their currencies and capital outflows. Reducing the holdings of US dollar treasury bonds and promoting the diversification of foreign exchange reserve assets are actually helpless self-help measures for these countries to cope with the spillover of US financial risks.

　　"The United States manipulates the dollar to harvest the world and constantly consumes the credit base of the dollar." Cui Jianjun said, "Over the years, the United States has used the dominant monopoly position of the US dollar as both the sovereign currency of the United States and the international reserve currency to seek economic benefits and political advantages through the hegemony of the US dollar, which has seriously overdrawn the credit of the US dollar and prompted more and more countries to start ‘ De-dollarization ’ Explore. "

　　Guo Hongyu, a professor at the School of Finance of the University of International Business and Economics, said in an interview with this reporter that in addition to external factors, the internal needs of the development of emerging market countries have also promoted countries to actively explore the establishment of local currency trading mechanisms.

　　“‘ De-dollarization ’ In line with the development trend of multipolarization in the world. At present, emerging market countries are rising day by day, and their willingness to expand multilateral and regional trade cooperation is rising. In this process, there is bound to be a demand for cross-border payment and settlement mechanisms within their own countries and regions. With the further growth of foreign trade volume and payment and settlement demand in these countries, the financial infrastructure based on domestic currency payment will also accelerate the pace of construction. " Guo Hongyu said, "In addition, for economies with close intra-regional trade and high complementarity, using local currency for settlement has natural advantages. The use of local currency settlement can not only save the exchange cost of third-party currencies, avoid the impact of exchange rate fluctuations of third-party currencies on trade, but also help to reduce uncontrollable factors such as fluctuations in the number of third-party currencies. This is one of the main reasons why many countries are willing to negotiate a bilateral monetary agreement. "

　　Exploring and speeding up currency diversification

　　With the trend of "de-dollarization" becoming more and more obvious, some people think that dollar hegemony is coming to an end. John kani, an American economist, recently warned that the dollar may soon lose its "power" and its dominant position is weakening. The American "Business Insider" magazine also issued a document saying that the dominance of the US dollar in global trade faces "great challenges".

　　However, more analysts believe that it is too early to "challenge the dollar" at present, and the process of "dollarization" still needs to be viewed objectively.

　　Carson Group, an American investment institution, recently analyzed that the dominant position of the US dollar as the world reserve currency will not change in a short time, especially in the absence of a strong alternative.

　　"At present, the US dollar still ranks first in global trade settlement, foreign exchange reserves of central banks, global debt pricing and global capital flows. Although the status of the US dollar in the global monetary system has continued to decline in recent years, its status as a world reserve currency may be difficult to be quickly replaced. " Cui Jianjun said.

　　"At present, the US dollar still firmly occupies the two cornerstones of oil and gold, and the global market still has a strong path dependence on the US dollar in international trade settlement, cross-border payment and financing." Guo Hongyu said.

　　But at the same time, some new explorations cannot be ignored. A few days ago, Goldman Sachs said in a research report to its clients that the rise of crypto-digital currency has prompted global central banks to try to use digital currency to achieve de-centralization.

　　As early as May 2020, the Swedish central bank announced that it would use digital cryptocurrency anchored in its own currency to support financial settlement, and support dollar decentralization with blockchain technology. In February last year, the Russian central bank also announced the start of testing the digital ruble. Last May, the Bank of Japan issued a report saying that Japan’s digital currency Plan had entered the second testing stage. In addition, Japan’s Ministry of Finance and the Financial Services Department, together with several big banks, plan to lead the establishment of an international settlement system similar to SWIFT. Last November, the Bank of Egypt said that the Egyptian pound would soon be decoupled from the US dollar, and at the same time, a series of monetary policy reforms were initiated in order to "de-dollarize" the foreign exchange field.

　　"A multipolar monetary world may come sooner than expected." Gilian Tate, a columnist of the Financial Times, wrote a few days ago. Credit Suisse said in a report in February this year that there is evidence that the world’s major central banks are diversifying their investments and reducing their dependence on the US dollar. The world is gradually moving towards a more multipolar monetary system.

　　"In the future, the diversification of the international monetary system depends on the balanced development of the global economy. One possible prospect is that the US dollar continues to play a role as an international reserve currency, but its weight continues to decline; The status of the euro has gradually increased with the EU’s promotion of economic and financial autonomy; With the further rise of economic strength, Asian countries are gradually exploring the establishment of a new monetary order and contributing to the diversification of the international monetary system. " Cui Jianjun said.

　　"The development of money is closely related to trade." Guo Hongyu said, "A strong trade union will inevitably generate the internal demand for monetary cooperation. In this regard, the euro zone is a typical representative. The birth of the euro has provided monetary convenience for the regional trade of the member countries of the euro zone and promoted the development of international trade. Nowadays, the euro with real currency has become an advanced form of regional monetary cooperation and the second largest reserve currency in the world. At present, in addition to the euro zone, economic development and trade cooperation in Southeast Asia, Latin America and other regions are also constantly advancing. In the future, with the in-depth development of world multipolarization and economic globalization, it is not excluded that some new monetary cooperation arrangements may arise in these regions. "

　　Xinhua News Agency, Hong Kong, October 13th (Reporter Wei Hua) The third "One Belt, One Road" international cooperation summit forum was held in Beijing from October 17th to 18th. On October 16th, Lee Ka Chiu John, Chief Executive of the Hong Kong Special Administrative Region (HKSAR) will lead a high-profile 70-member delegation from the Hong Kong Special Administrative Region to participate.

　　Lee Ka Chiu John said that this year marks the 10th anniversary of the initiative to jointly build the Belt and Road Initiative, and the third Belt and Road International Cooperation Summit Forum is a key home event of the country this year, which is also a high-level international activity to promote the initiative. With the support of the state, he is honored to lead a high-profile delegation to actively participate in the summit forum, which fully shows that Hong Kong has fully assisted the country in building the "Belt and Road" work.

　　It is reported that there are 11 senior officials participating in the SAR delegation, whose members span the political and business circles and also cover the professional sectors. Li Jiachao said that the delegation will actively demonstrate Hong Kong’s advantages in all aspects to the international community, including its role as an important functional platform to promote the high-quality development of the "Belt and Road", and introduce Hong Kong’s professional services and the unique advantages of relying on the motherland and connecting the world.

As soon as Hawick Lau’s affair with Angel came out, netizens had different opinions, some believed, some did not believe, some felt that the lower limit had been set, and some felt that the entertainment circle really did.

Let’s sort out the timeline first:

November 9 th

At 11:01, the All-Star Detective revealed that Hawick Lau was suspected of cheating on Angel. On October 15th, Fengxing Studio photographed two people alone for 4 hours in the middle of the night. In this regard, the Hawick Lau staff responded: The two were working on the script.

At 12:30, Yang Mi arrived at the Shanghai Airport but did not leave the airport until 15:40, when Yang Mi got on the bus and left the airport under the escort of bodyguards. Subsequently, Yang Mi and his party went to the hotel. Under the protection of staff and bodyguards, Yang Mi quickly got off the bus and walked into the hotel.

At 13:53, the All-Star Detective revealed that Hawick Lau was suspected of cheating on Angel’s second bomb. On October 17th, they spent three hours together in Angel’s room again, and at the same time, they threw out three doubts.

19:22 Yang Mi attended the event and responded to Hawick Lau’s suspicion of cheating on Angel: Anyway, I believe Kaiwei.

At 20:30, Hawick Lau sent Weibo to deny cheating, and then Yang Mi forwarded it to Weibo with love.

21:46 Angel also sent Weibo a response: Can you still have a good time?

At 23: 23, Jiaxing Media, a joint company in Hawick Lau, Yang Mi, issued a lawyer’s letter condemning the rumor mongers. Later, Jia Xing Liu Kaiwei Studio and Jia Xing yang mi studio forwarded them one after another.

However, after the parties responded, netizens did not buy it. Doubts such as "Turn off the lights and read the script", "It is suspected that Hawick Lau and Angel are wearing lovers’ clothes" and "There is no knocking at the door" have been found in the video one after another. Moreover, some netizens said that they felt that they had been punched on the cotton, and they thought that there was a gossip in the first room, but they didn’t expect a lawyer’s letter, so they continued to peel their skin and found more new clues.

November 10th.

In the third video, Hawick Lau was exposed to Angel’s room for the third time and spent three hours together.

After that, it was suspected that Angel’s ex-husband — — Zhang Ge was pulled out. Zhang Ge said in a blog post yesterday: "How much love and hate are not enough." And when he was 12 years old, he blogged: Let’s look at the pictures.

And Raquel, the actor in The Remaining Sin, also made three Weibo claims in succession: Angel was suspected of being used to three, and had intervened in her feelings with Purba Rgyal at the beginning.

Some netizens even revealed photos of Zhang Ge proposing to Angel at a friend’s wedding, and the netizen claimed that they proposed at a British friend’s wedding in September 2013 and got a marriage certificate in November 2013.

Then yesterday, Angel’s best friend stood up and said that she was not married, and Raquel was a hot topic.

But there are still many doubts. Is Angel married or not? If you are married, are you divorced? Or are you still married? This makes Hawick Lau’s suspected affair with Angel even more confusing.

Other doubts aside, today let’s take a look at the crisis public relations in Hawick Lau and Yang Mi.

At present, the attitudes of several parties are firmly denied.

First of all, we should know clearly that Hawick Lau and Yang Mi belong to the same company — — Jiaxing media.

As the most famous and profitable artists of Jiaxing Media, Yang Mi and Hawick Lau not only want to make money for the company by filming themselves, but also bring new people to the company in film and television dramas. For example, Hawick Lau starred in "Lonely and Empty in the Spring", Vin was the second male, Hawick Lau starred in "Hummingbird", and Nikki was also a supporting actress. Yang Mi’s plays "Translator" and "to the sky kingdom" covered almost all the artists of Jiaxing Media, including Dilraba, Nikki, Huang Mengying, Zhang Binbin, Liu Ruilin, Zhang Yunlong, Gao Weiguang, Lai Yi, Wang Lidan and Dai.

Before, there has been a picture of the signing years of Jiaxing Media artists circulating on the Internet. Although the accuracy is doubtful, it still shows that Yang Mi and Hawick Lau are undoubtedly the two biggest "cash cows" of Jiaxing Media, given that the newcomers are not yet popular and can’t play.

According to Hawick Lau fans, the economic relationship between Hawick Lau and Jiaxing will expire around October 2016, but obviously, if the news is true, then Hawick Lau chooses to continue to renew the contract with Jiaxing Media instead of signing another brokerage company. No matter their marital status or career affiliation, they are tightly tied together and become a grasshopper on the line.

But where is the contradiction between husband and wife?

In fact, from the outside world, this couple can be regarded as the representatives of the strong women and the weak men. Needless to say, Yang Mi is familiar to everyone. When Hua Dan is popular, there are many movies and TV shows. On the other hand, although Hawick Lau has made his debut for many years, he still lacks popularity in comparison, and his attention has only risen sharply after he fell in love with Yang Mi and got married.

No matter in the media interviews or in the press conference of works, Hawick Lau is always asked the most: Yang Mi, Yang Mi, or Yang Mi. Hawick Lau also emphasized many times in the interview that "I hope everyone will pay more attention to my work", but the effect was little.

Moreover, Jiaxing Media was founded by Yang Mi and his agents Zeng Jia and Ruoyao Zhao in 2014. Although it has just been established for two years, its profitability is very good. Jiaxing Media achieved a revenue of 110 million yuan in the first half of 2016, an increase of 2,888.73% over the same period of last year, and a net profit of 55.24 million yuan, ranking among the best in the New Third Board film and television companies, especially its profitability, and Yang Mi’s agent Zeng Jia was the actual controller of Jiaxing Media.

Jiaxing company has gained a lot in the field of TV series in recent years, and its performance in the field of film is also quite eye-catching. I am a Witness and fall in love like a star before, followed by Pride and Prejudice and Countdown to Death.

Jiaxing Media successfully landed on the New Third Board by holding Xi ‘an Tongda last year. This year, it injected assets into the film and television industry and changed its name to Jiaxing Media in July. According to the inquiry of industrial and commercial information, Yang Mi, as one of the three founders of the company (Zeng Jia and Ruoyao Zhao), indirectly held a large number of shares in the listed company Jiahang Media through Jiaxing Company in Tibet after leaving Huanrui Century. On the other hand, Hawick Lau’s income and status in its own company are far behind that of Yang Mi. So will this be a fuse for their marriage crisis?

First of all, although there are many rumors on the Internet that the two have divorced, there is no actual proof of the drama, and from the public relations response of Jiaxing Media, it is clear that there is no divorce and the derailment is false.

Let’s make two assumptions:

1. Hawick Lau’s derailment is true

Under this assumption, one is Ma Yili’s forbearance method: love is easy, marriage is not easy, and it is done and cherished. But let’s take a look at the career of the article now. It has fallen from a height and has been in a slump for a long time. Needless to say, Yao Di is also cautious in appearing in public. Although Ma Yili has gained a good reputation for generosity, but her career is at a low ebb, she can only come out to film and earn money now. On the whole, three people’s careers suffered two losses and one injury.

Let’s take a look at the handling method of Jiaxing Media: the method of killing and not recognizing. No matter how wonderful the response is, whether the onlookers believe it or not, the three of us just don’t tear each other apart. The onlookers punched the cotton, and finally ended up saying: I feel sorry for Yang Mi, and then I turned to other gossip. It has little impact on the overall career of the three people, so people should do what they should do. Among them, Yang Mi suffered from her husband’s infidelity, or the two had an agreement in this respect, but at any rate, they didn’t have both money and people. If they felt that they couldn’t stand it, like Feng Zhi, it would be okay to divorce again after a while. For Jiaxing Media, a listed company behind them, it is also a choice to maximize benefits.

2. Hawick Lau’s derailment is false

If this is really false, the public is misled by the video, and the two are really "on the script" in the middle of the night. In this case, this response can be regarded as saving several people’s careers. Yang Mi didn’t feel wronged, so she told her husband not to go to other women’s rooms.

You should know that Hawick Lau and Angel’s "parents at the weekend" Jiaxing Media has investment. If something really happens to the male and female hosts, today, when the artist’s morality is on the line, if the drama is not good to sell, tens of millions of people will be at risk of being squandered. And Yang Mi, as one of the shareholders and partners of Jiaxing Bank, will really lose both human and financial resources.

To put it bluntly, couples in reality still have all kinds of contradictions and entanglements, and many things will be solved if they don’t really make a big fuss. Ordinary people still know that "it’s a shame to wash one’s dirty linen in public", but in the entertainment circle where every move is magnified, it’s difficult to separate the family from the career itself, and everything will be affected by it. Besides, there is a two-and-a-half-year-old child between them. Alas, it’s hard for an honest official to break the housework, so let’s do it and cherish it. Let’s take a look at the excitement and