Global investors dump Chinese securities as state support hopes fade

[CIA Mole]

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China's state banks seen selling dollars for yuan in London and New York hours

China's major state-owned banks were seen busy selling U.S. dollars to buy yuan in both onshore and offshore spot foreign exchange markets this week, people with direct knowledge of the matter said, in an attempt to slow the yuan's depreciation.

www.reuters.com

dirty commie shill response: foreign investment bad, dollar bad, yuan will be reserve currency this year

Xi Jinping speech calling for patience released amid China’s economic gloom

Party mouthpiece highlights president’s address to top cadres in February, hours after more weak economic data was published.

amp.scmp.com

Calling the policy the essence of Chinese modernisation, Xi condemned Western modernisation, saying it maximised the interests of capitalists and was characterised by “wars, slavery, colonisation and exploitation”.

“At a time when an economic crisis is looming, the party wants to paint a rosy picture … to ensure people that the goals Xi has set are realistic and that China’s path is unique and better than the West’s,” he said.

 

[Skull and Bones]

Stocks are artificial ponzi schemes, real estate is most tangible investment…oh wait!!

 

[CIA Mole]

Stocks are artificial ponzi schemes, real estate is most tangible investment…oh wait!!

“A super big population can provide sufficient manpower and a super big domestic market, but it also brings about a series of difficulties and challenges,” Xi told his new team in February.

“It is quite a challenge just to make sure 1.4 billion people are fed. Then there are problems such as employment, [wealth] distribution, education, healthcare, housing, elderly care and childcare. They are all not easy to resolve and they all involve an astronomical number of people.”

Lol now he saying its just too hard, dont blame me

 

[epebble]

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View attachment 946476
View attachment 946477

China's state banks seen selling dollars for yuan in London and New York hours

China's major state-owned banks were seen busy selling U.S. dollars to buy yuan in both onshore and offshore spot foreign exchange markets this week, people with direct knowledge of the matter said, in an attempt to slow the yuan's depreciation.

www.reuters.com

View attachment 946478

dirty commie shill response: foreign investment bad, dollar bad, yuan will be reserve currency this year

Xi Jinping speech calling for patience released amid China’s economic gloom

Party mouthpiece highlights president’s address to top cadres in February, hours after more weak economic data was published.

amp.scmp.com

I don't understand the fixation to be below 8. Is it some superstition? They were above 8 for many years without any ill effects.

 

[Skull and Bones]

Lol now he saying its just too hard, dont blame me

Xi needs more iron fist control over its imbecile population who refuses to go to work.

 

[CIA Mole]

Xi needs more iron fist control over its imbecile population who refuses to go to work.

time to send officials to peoples homes to make sure people making kids too

I don't understand the fixation to be below 8. Is it some superstition? They were above 8 for many years without any ill effects.

exchange rate stability is crucial for import/export business planning

orders are often planned months in advance and by the time the transaction is completed u might not have profited if exchange rates moved too much

 

[epebble]

exchange rate stability is crucial for import/export business planning

orders are often planned months in advance and by the time the transaction is completed u might not have profited if exchange rates moved too much

Japan, Korea, Germany, Canada all do a lot of import/export without a currency straitjacket. There are ways to hedge currency risks using futures markets for example or using a basket of currencies instead of a single one in contracts. A fixed exchange rate shields the producers from market forces and breeds inefficiency.

 

[CIA Mole]

Japan, Korea, Germany, Canada all do a lot of import/export without a currency straitjacket. There are ways to hedge currency risks using futures markets for example or using a basket of currencies instead of a single one in contracts. A fixed exchange rate shields the producers from market forces and breeds inefficiency.

hedging costs and i believe chinese govt has lots of capital controls and requirements over what happens to companies’ foreign currency holdings and limits their hedging options

so ultimately its up to chinese govt to maintain exchange rate and trade stability

 

[epebble]

so ultimately its up to chinese govt to maintain exchange rate and trade stability

That is the secret. Chinese government wants to be the daddy and shield the delicate flowers that are Chinese businesses from currency risks.