BREAKING: US set to impose tariffs on remaining $300 billion in Chinese imports

[Kaniska]

What does it mean???

 

[Get Ya Wig Split]

The Chinese version of refuting anything is by calling anyone indian....if you notice closely...this is consistent in all threads...kek

just address them as taiwanese.....and watch their 2 inch ego flare around

besides China needs america more than the other way around...the obor is a colossal failure...and Winnie the xi bear is busy kissing trumps ads to get concessions...

Bunch of spineless retards lol

 

[Sully3]

world war 3 is coming to the middle east and asia

the signs are everywhere

 

[Cmdr Keen]

world war 3 is coming to the middle east and asia

the signs are everywhere

there is nothing left to fight in the middle east....

east Asia is a good probability

 

[Sully3]

there is nothing left to fight in the middle east....

east Asia is a good probability

Iran is about to become a flash point any day. Trumps planning a dessert storm like operation with USA,Israel, Saudi, UAE all in a colation.

Talks with Kim also going south, hes getting impatient and testing rockets again.

 

[Murgah]

Now china have more reason to ditch the dollar

 

[Get Ya Wig Split]

PS: @SBUS-CXK I see you finally changed your avi hoe that guy literally looked like a puzzy lol

 

[grey boy 2]

Yawn

Please do us a favour, go get a room with your all your false flaggers vietcongs and pushbuttons to perform your freaking gay show like licking each other's buttholes instead on a public forum, its getting extremely disturbing
thanks in advance

 

[Get Ya Wig Split]

Please do us a favour, go get a room with your all your false flaggers vietcongs and pushbuttons to perform your freaking gay show like licking each other's buttholes instead on a public forum, its getting extremely disturbing
thanks in advance

yawn

Now china have more reason to ditch the dollar

Good luck with that!!!!

China Discovers Dollar Hegemony Is A Tough Nut To Crack

China is taking another baby step in promoting the internationalization of the renminbi and nibble on the hegemony of the US dollar: It’s pushing a proposal to add a pile of yuan to the $240 billion currency swap agreement between ASEAN plus China, Japan, and South Korea, in order reduce the system’s reliance on the US dollar and to enhance its own economic clout in the region, according to the Nikkei.

On May 2, the finance ministers and central bankers of ASEAN – Singapore, Brunei, Malaysia, Thailand, Philippines, Indonesia, Vietnam, Laos, Cambodia, and Myanmar – along with those from China, Japan, and Korea will meet in Fiji to discuss modifications to the swap agreement, the Chiang Mai Initiative.

has made only microscopic headway as a reserve currency.

And as an international payments currency, the RMB has failed similarly to crack the co-hegemony of the dollar and the euro.

“With more than 1,900 financial institutions now using the RMB for payments with China and Hong Kong, the internationalization of RMB carries great strategic significance” for banks and financial institutions, gushes SWIFT(Society for Worldwide Interbank Financial Telecommunication), which tracks the progress of the RMB as payment currency.

But in March 2019, the RMB had a minuscule share of merely 1.22% for international cross-border payments by value (cross-border payments from one Eurozone country to another Eurozone country are excluded). This minuscule share put the RMB in 8th position, just behind the Swiss franc:

Two years ago, in March 2017, the RMB’s share had been 1.05%. In other words, in two years, the share of the RMB had ticked up by a whopping 17 basis points, from 1.05% to 1.22%. At this pace – about 8.5 basis points per year – the RMB will reach a share of 3% by 2040.

Meanwhile, the dollar’s share increased to 45.58%, from 45.44% two years ago; and the euro’s share increased to 32.80%, from 32.28% two years ago. So by this measure, and for this time span, the RMB made minuscule progress against smaller currencies but lost ground against the dollar and euro.

So chipping away at the dollar-euro co-hegemony as payments currencies will take some patience and lots of baby steps, such as China’s efforts to add yuan to the swap arrangement under the Chiang Mai Initiative.

The troubled internationalization of the RMB was topic of a 2018 report by SWIFT’s Chief Executive of APAC & EMEA, Alain Raes, looking back on 2017, when the RMB internationalization had actually backtracked.

On one hand, its internationalization was supported by major trends, such as:

• 
  
  
  • The growth of cashless payments, “mainly driven by the digital giants Alipay and WeChat Pay”
  • “The far-reaching Belt & Road Initiative”
  • “The globalization of Chinese banks and their adoption of SWIFT gpi”
  • “The progress of China’s Cross-border Interbank Payment System (CIPS).”

On the other hand, there was this: “Despite these trends, there are a number of critical success factors necessary for widespread adoption of the RMB.”

And that’s where it gets tough. The headwinds the RMB faces “in the short term” include “capital controls imposed by the Chinese government” and “ongoing concerns over the Chinese currency’s depreciation.”

The report sees the Belt and Road Initiative as China’s key strategy to muscle in on the dollar as a payments and finance currency. The Belt and Road Initiative involves large infrastructure projects in Asia, Europe (particularly Eastern Europe), the Middle East, Latin America, and Africa.

“There is opportunity for China to use the RMB as a currency” for these projects, and Chinese companies could “potentially move to transactions denominated in RMB,” SWIFT’s report said. “Not unexpectedly, banks are stepping up to take advantage of the shift.”

“China is also pushing countries along the BRI to allow greater usage of the RMB, though countries are not always responding favorably,” SWIFT says, thus listing another headwind for the RMB: Resistance from other countries.

China is known to be patient and can measure progress in decades, rather than in quarters. But the progress of the RMB’s internationalization must be nerve-wracking slow, even for China.

There are now 486 electric-vehicle manufacturers in China, triple from two years ago. Most will disappear. Read... China EV Manufacturing Bubble Faces Getting Bludgeoned

https://www.zerohedge.com/news/2019-04-27/china-discovers-dollar-hegemony-tough-nut-crack

 

[SBUS-CXK]

yawn



Good luck with that!!!!

China Discovers Dollar Hegemony Is A Tough Nut To Crack

China is taking another baby step in promoting the internationalization of the renminbi and nibble on the hegemony of the US dollar: It’s pushing a proposal to add a pile of yuan to the $240 billion currency swap agreement between ASEAN plus China, Japan, and South Korea, in order reduce the system’s reliance on the US dollar and to enhance its own economic clout in the region, according to the Nikkei.

On May 2, the finance ministers and central bankers of ASEAN – Singapore, Brunei, Malaysia, Thailand, Philippines, Indonesia, Vietnam, Laos, Cambodia, and Myanmar – along with those from China, Japan, and Korea will meet in Fiji to discuss modifications to the swap agreement, the Chiang Mai Initiative.

has made only microscopic headway as a reserve currency.

And as an international payments currency, the RMB has failed similarly to crack the co-hegemony of the dollar and the euro.

“With more than 1,900 financial institutions now using the RMB for payments with China and Hong Kong, the internationalization of RMB carries great strategic significance” for banks and financial institutions, gushes SWIFT(Society for Worldwide Interbank Financial Telecommunication), which tracks the progress of the RMB as payment currency.

But in March 2019, the RMB had a minuscule share of merely 1.22% for international cross-border payments by value (cross-border payments from one Eurozone country to another Eurozone country are excluded). This minuscule share put the RMB in 8th position, just behind the Swiss franc:

Two years ago, in March 2017, the RMB’s share had been 1.05%. In other words, in two years, the share of the RMB had ticked up by a whopping 17 basis points, from 1.05% to 1.22%. At this pace – about 8.5 basis points per year – the RMB will reach a share of 3% by 2040.

Meanwhile, the dollar’s share increased to 45.58%, from 45.44% two years ago; and the euro’s share increased to 32.80%, from 32.28% two years ago. So by this measure, and for this time span, the RMB made minuscule progress against smaller currencies but lost ground against the dollar and euro.

So chipping away at the dollar-euro co-hegemony as payments currencies will take some patience and lots of baby steps, such as China’s efforts to add yuan to the swap arrangement under the Chiang Mai Initiative.

The troubled internationalization of the RMB was topic of a 2018 report by SWIFT’s Chief Executive of APAC & EMEA, Alain Raes, looking back on 2017, when the RMB internationalization had actually backtracked.

On one hand, its internationalization was supported by major trends, such as:

• 
  
  
  • The growth of cashless payments, “mainly driven by the digital giants Alipay and WeChat Pay”
  • “The far-reaching Belt & Road Initiative”
  • “The globalization of Chinese banks and their adoption of SWIFT gpi”
  • “The progress of China’s Cross-border Interbank Payment System (CIPS).”

On the other hand, there was this: “Despite these trends, there are a number of critical success factors necessary for widespread adoption of the RMB.”

And that’s where it gets tough. The headwinds the RMB faces “in the short term” include “capital controls imposed by the Chinese government” and “ongoing concerns over the Chinese currency’s depreciation.”

The report sees the Belt and Road Initiative as China’s key strategy to muscle in on the dollar as a payments and finance currency. The Belt and Road Initiative involves large infrastructure projects in Asia, Europe (particularly Eastern Europe), the Middle East, Latin America, and Africa.

“There is opportunity for China to use the RMB as a currency” for these projects, and Chinese companies could “potentially move to transactions denominated in RMB,” SWIFT’s report said. “Not unexpectedly, banks are stepping up to take advantage of the shift.”

“China is also pushing countries along the BRI to allow greater usage of the RMB, though countries are not always responding favorably,” SWIFT says, thus listing another headwind for the RMB: Resistance from other countries.

China is known to be patient and can measure progress in decades, rather than in quarters. But the progress of the RMB’s internationalization must be nerve-wracking slow, even for China.

There are now 486 electric-vehicle manufacturers in China, triple from two years ago. Most will disappear. Read... China EV Manufacturing Bubble Faces Getting Bludgeoned

https://www.zerohedge.com/news/2019-04-27/china-discovers-dollar-hegemony-tough-nut-crack

 

[KAL-EL]

The Chinese version of refuting anything is by calling anyone indian....if you notice closely...this is consistent in all threads...

I’ve observed this quite often..

 

[Murgah]

yawn



Good luck with that!!!!

China Discovers Dollar Hegemony Is A Tough Nut To Crack

China is taking another baby step in promoting the internationalization of the renminbi and nibble on the hegemony of the US dollar: It’s pushing a proposal to add a pile of yuan to the $240 billion currency swap agreement between ASEAN plus China, Japan, and South Korea, in order reduce the system’s reliance on the US dollar and to enhance its own economic clout in the region, according to the Nikkei.

On May 2, the finance ministers and central bankers of ASEAN – Singapore, Brunei, Malaysia, Thailand, Philippines, Indonesia, Vietnam, Laos, Cambodia, and Myanmar – along with those from China, Japan, and Korea will meet in Fiji to discuss modifications to the swap agreement, the Chiang Mai Initiative.

has made only microscopic headway as a reserve currency.

And as an international payments currency, the RMB has failed similarly to crack the co-hegemony of the dollar and the euro.

“With more than 1,900 financial institutions now using the RMB for payments with China and Hong Kong, the internationalization of RMB carries great strategic significance” for banks and financial institutions, gushes SWIFT(Society for Worldwide Interbank Financial Telecommunication), which tracks the progress of the RMB as payment currency.

But in March 2019, the RMB had a minuscule share of merely 1.22% for international cross-border payments by value (cross-border payments from one Eurozone country to another Eurozone country are excluded). This minuscule share put the RMB in 8th position, just behind the Swiss franc:

Two years ago, in March 2017, the RMB’s share had been 1.05%. In other words, in two years, the share of the RMB had ticked up by a whopping 17 basis points, from 1.05% to 1.22%. At this pace – about 8.5 basis points per year – the RMB will reach a share of 3% by 2040.

Meanwhile, the dollar’s share increased to 45.58%, from 45.44% two years ago; and the euro’s share increased to 32.80%, from 32.28% two years ago. So by this measure, and for this time span, the RMB made minuscule progress against smaller currencies but lost ground against the dollar and euro.

So chipping away at the dollar-euro co-hegemony as payments currencies will take some patience and lots of baby steps, such as China’s efforts to add yuan to the swap arrangement under the Chiang Mai Initiative.

The troubled internationalization of the RMB was topic of a 2018 report by SWIFT’s Chief Executive of APAC & EMEA, Alain Raes, looking back on 2017, when the RMB internationalization had actually backtracked.

On one hand, its internationalization was supported by major trends, such as:

• 
  
  
  • The growth of cashless payments, “mainly driven by the digital giants Alipay and WeChat Pay”
  • “The far-reaching Belt & Road Initiative”
  • “The globalization of Chinese banks and their adoption of SWIFT gpi”
  • “The progress of China’s Cross-border Interbank Payment System (CIPS).”

On the other hand, there was this: “Despite these trends, there are a number of critical success factors necessary for widespread adoption of the RMB.”

And that’s where it gets tough. The headwinds the RMB faces “in the short term” include “capital controls imposed by the Chinese government” and “ongoing concerns over the Chinese currency’s depreciation.”

The report sees the Belt and Road Initiative as China’s key strategy to muscle in on the dollar as a payments and finance currency. The Belt and Road Initiative involves large infrastructure projects in Asia, Europe (particularly Eastern Europe), the Middle East, Latin America, and Africa.

“There is opportunity for China to use the RMB as a currency” for these projects, and Chinese companies could “potentially move to transactions denominated in RMB,” SWIFT’s report said. “Not unexpectedly, banks are stepping up to take advantage of the shift.”

“China is also pushing countries along the BRI to allow greater usage of the RMB, though countries are not always responding favorably,” SWIFT says, thus listing another headwind for the RMB: Resistance from other countries.

China is known to be patient and can measure progress in decades, rather than in quarters. But the progress of the RMB’s internationalization must be nerve-wracking slow, even for China.

There are now 486 electric-vehicle manufacturers in China, triple from two years ago. Most will disappear. Read... China EV Manufacturing Bubble Faces Getting Bludgeoned

https://www.zerohedge.com/news/2019-04-27/china-discovers-dollar-hegemony-tough-nut-crack

For this we have to wait.

 

[fallstuff]

What the U.S is doing is too little too late. They should have done this a good ten years ago when Chinese folks were a bit more dependent on export earnings. There are few inherent flawed assumptions on U.S side,

1. The Chinese economy is export driven: It is no longer the case.
2. Chinese will fold under pressure: It has never been a case.
   
3. China is dependent on Western technology : That may have been a case in the past. However, copying technology if you don't have the brains to analyze it and reproducing it is pointless. China's progress in the entire spectrum of technology have been unprecedented.

 

[Sharky]

I thought Gyna wont stop buying oil from Iran... what happened