China has been telling the world it is abandoning the dollar. The Council on Foreign Relations just published a detailed analysis showing that China may actually hold more dollars off its official books than on them.

China has been telling the world it is abandoning the dollar. The Council on Foreign Relations just published a detailed analysis showing that China may actually hold more dollars off its official books than on them. The de-dollarization story is largely a magic trick.

Here is… https://t.co/WLTwn0x9CY pic.twitter.com/JPfAuqaVa8

— UnveiledChina (@Unveiled_ChinaX) May 10, 2026