China July trade surplus with U.S. at $32.46 billion

[zectech]

Piling up US dollars around the clock is useless for China, China needs to find ways to get rid of those mountains of US dollars.

If China wants to be an auto manufacturer, they need base metals, raw materials and Pt/Pd for emissions reductions.

Buy up what your economy needs. You are going to have trillions of dollars left over after even buying up what your economy needs for 10 years. Then buy up some precious metals too, in case of continued hyperinflation and pressure on the dollar. However, there is the Washington plot to have a strong dollar after this. This whole pandemic was planned and plotted by Washington, so what their end game is generally attack China, however, what is the currency plans is unknown. So still holding dollars would be wise. To hedge against an attack on Chinese holdings after the November selections, exposure to US assets that cannot be seized like crypto-currency Etherum, that should stay strong against the dollar, would be wise.

If they can seize your US treasury holdings, as I have warned, and seize your Tik Tok, and perhaps seize your dollar holdings... best safety asset is physical gold and silver. Fill up the Chinese treasury with treasure of Empires.

Gold and silver is the treasure of kings. And buy precious metals when they go up and down. And more when they go way down. The lower the price the better when buying. The only concern is can mining asteroids be done cheaply, this could crash the price of metals in the future.

Diversify into other currencies like rubles, euros and other trading partners.

 

[Hamartia Antidote]

Budd @Hamartia Antidote,

Wasn't there a recent article that US economy suffered something like a 30%+ crash while according to the OP, the Chinese exports have grown at American expense?

I mean, one economy is growing while another is suffering.

Who am I to believe? Which is the correct about the two economies?

I didn't say that the US economy was growing in the 2nd quarter due to COVID-19.
Pretty much every country is down due to lockdowns.

 

[beijingwalker]

I didn't say that the US economy was growing in the 2nd quarter due to COVID-19.
Pretty much every country is down due to lockdowns.

Not every country.

 

[bolo]

Piling up US dollars around the clock is useless for China, China needs to find ways to get rid of those mountains of US dollars.

Piling up useless T Bills. Don't worry US can print unlimited amount of T Bills.
US will print debt to repaid their debt. US will buy buy up your physical assets with debt. Looks like a great deal to me.

 

[Viva_Viet]

I just think post-Covid 19, the trade within Asia will significantly grow especially within the ASEAN region.

True, we wanna buy more raw materials like rate earth, spare parts etc from CN to make finished products to sell to EU-US.

But ASEAN market is just too small for CN not mentioning some ASEAN nations dont buy Huawei products ( VN-SG), Telsa cars or VN Luxshare gonna manufacturing Iphone soon, so CN simply cant get rich just buy selling mainly raw materials and parts in ASEAN.

 

[ToddBing]

True, we wanna buy more raw materials like rate earth, spare parts etc from CN to make finished products to sell to EU-US.

But ASEAN market is just too small for CN not mentioning some ASEAN nations dont buy Huawei products ( VN-SG), Telsa cars or VN Luxshare gonna manufacturing Iphone soon, so CN simply cant get rich just buy selling mainly raw materials and parts in ASEAN.

Mean while,you are dreaming VN get rich by assembly factories