China’s Ambitions for Dedollarization Take Another Step Forward with petroyuan as oil producers rally to Beijing, Russia has 'become an Asian nation,'

[beijingwalker]

I would not consider this banana


View attachment 910630

ignorance has no boundaries

 

[beijingwalker]

View attachment 910633

Australia must be one of the major Banana Production country then, judging by this photo.

Yes, indeed, ignorant know no bound

Why are you still shamelessly in denial after being caught lying in front of everyone? so you still insist that China doesn't produce bananas?

 

[beijingwalker]

You can't read does not equate to I lied.

I wrote "Banana is NOT NATIVE to China" You can grow it in a green house or anywhere with climate control facilities

You are such a helpless liar...

I wrote "Banana is NOT NATIVE to China" You can grow it in a green house or anywhere with climate control facilities

By the way this is the map of what Banana is native at

View attachment 910635

Even in your map, Guangxi and Yunnan are in the green, and Guangxi and Yunnan not part of China?

 

[beijingwalker]

Wow, exactly how stupid were you.

You cannot produce Banana (Naturally) they are native in sub-Tropical area. You can "FARM" in greenhouse it. Did you even know how to grow fruit?

Why would I talk about where banana is native in if I am not talking about how you grow them naturally??

lol... Even in your map, Guangxi and Yunnan are in the green, many other Chinese provinces are in orange, and Guangxi and Yunnan not part of China? or you just can't read your own map?

 

[beijingwalker]

I can't argue when you keep moving your goal post.

What? I move goal posts? are you kidding me? first you said China doesn't produce bananas and later you said you mean China can't "naturally" grow bananas ... they are both wrong, and now you are accusing me of moving goal posts? are you for real?

 

[Mista]

Yuan is not free trade currency. Imagine one day Chinese government decides to allow Yuan to be traded freely. Yuan's share will rise sharply. The day will come when China makes breakthrough in semiconductor and more profitable goods like EV dominate world market.

Then let's imagine and wait.

 

[beijingwalker]

Lol, you first were called out by the mistake on tell me I lie, and then I reminded you what I wrote,

lol, you are just incredible, why you never admit that you could make a mistake? this is what you wrote, let everyone translate it to see if anyone could understand it otherwise

 

[beijingwalker]

Sure, repeat your claim, that make it more believable.

Denial is not a river in Egypt, you are just incredible...

 

[Mista]

lol, sure USD is backed by faith, is that why China uses USD as denomination of their Forex and use it to almsot all International Financial activities. And probably to around 140 countries in the world.

Dude, the only thing that show is you know nothing about Finance and Currency.

The US Fed's monetary policy has ramifications on global asset pricing, currency movements, global inflation, global economic growth, corporate/government funding globally, deposit interest rates and even the monthly mortgage people in faraway countries pay.

Do Chinese monetary policymakers even have 10% of that global influence? Who really cared when China cut interest rates the last time?

Meanwhile PDF Chinese who know nuts about the finance are saying the USD with >40% share of global transaction volume is backed only with faith and the RMB is more reliable lmao.

 

[mike2000 is back]

Yuan is not free trade currency. Imagine one day Chinese government decides to allow Yuan to be traded freely. Yuan's share will rise sharply. The day will come when China makes breakthrough in semiconductor and more profitable goods like EV dominate world market.

Lol Then ask your self why CCP hasnt allowed (and probably wont ever allow) the Yuan to trade freely. CCP likes to be in control of everything, for them to allow the Yuan to be freely traded means they will lose control over it and it will be left to market forces which is something CCP won't allow anytime soon. Lol
So for those people who really believe in this nonsense propaganda then i have a bridge to sell you.
I have been seeing such threads by Chinese members about China pushing for dedollarisation and how the Yuan is going to rise to challenge the dollar as reserve currency/usage globally since i started visiting PDF 10years ago, yet there has been almost zero change since then. In fact even our currency the Pound is more traded globally/use as international payments over twice as much as the Yuan. Lol
The dollar still dominates completely and wont be going anywhere. In fact China will prefer to keep things that way as well, as it also benefits them to some extent Lol.
So people should stop with this silly propaganda of dedollarization.

 

[beijingwalker]

And Repeat is not a town in China, just because you keep saying the same thing does not make it true dude.

All it will make you is an off topic comment warning and maybe a ban.

Can China grow bananas, naturally?

All it will make you is an off topic comment warning and maybe a ban.

Off topic? who brought bananas in this thread?

 

[jhungary]

The US Fed's monetary policy has ramifications on global asset pricing, currency movements, global inflation, global economic growth, corporate/government funding globally, deposit interest rates and even the monthly mortgage people in faraway countries pay.

Do Chinese monetary policymakers even have 10% of that global influence? Who really cared when China cut interest rates the last time?

Meanwhile PDF Chinese who know nuts about the finance are saying the USD with >40% share of global transaction volume is backed only with faith and the RMB is more reliable lmao.

These yahoo don't know how deep US Dollar cut into world economy. The world financial system is build based on US Dollar.

As I said told @beijingwalker before, if he want to know what backed the USD, he should go ask their Central Bank, that's because forex like Chinese Central bank is holding is the exact backing to the USD.

Problem with USD is, any governmental financial policy change would result to change of value to the USD which result in the change of volume, literally, in most countries foreign reserve. But they will never see it and will give you stupid example like "China is backed by unmatched amount of industrial capacity"

Lol, yeah, but zero trust.

And no, nobody in the world will care if China or Russia hike their interest rate.

Can China grow bananas, naturally?


Off topic? who brought bananas in this thread?

Man, I am just going to report your post from now on. Not really a point talking to you.

You can go open a banana thread if you want, I honestly don't care.

P.S. I didn't brought Banana into this discussion, I use Banana as an example on your stupid Bartering idea, you on the other hand, bring up the entire topic of who can grow banana.

 

[beijingwalker]

Man, I am just going to report your post from now on. Not really a point talking to you.

Reporting me? for debunking your lies? Can China grow bananas, naturally? yes or no?

 

[Mista]

Lol Then ask your self why CCP hasnt allowed (and probably wont ever allow) the Yuan to trade freely. CCP likes to be in control of everything, for them to allow the Yuan to be freely traded means they will lose control over it and it will be left to market forces which is something CCP won't allow anytime soon. Lol

The impossible trinity says that between free capital mobility, exchange-rate management and an independent monetary policy, a country can only choose two out of these three.

Examples of A, B and C.

A – Singapore: Manages exchange rates (managed float) and allows free capital flow > gives up control over interest rates, leaving it to market forces.

B – US: Controls interest rates and allows free capital flow > gives up control over exchange rates, leaving it to market forces.

C – China: Controls both interest rates and exchange rates > restricts capital flow. The last time China toyed with the idea of free capital flow in 2015, $1tril of their foreign reserves got wiped out and it dropped from ~$4tril to ~$3tril. Capital controls were swiftly tightened.

Meanwhile PDF Chinese: We are going to liberalize the Yuan when we sell more EVs.

 

[Beast]

The impossible trinity says that between free capital mobility, exchange-rate management and an independent monetary policy, a country can only choose two out of these three.

Examples of A, B and C.

A – Singapore: Manages exchange rates (managed float) and allows free capital flow > gives up control over interest rates, leaving it to market forces.

B – US: Controls interest rates and allows free capital flow > gives up control over exchange rates, leaving it to market forces.

C – China: Controls both interest rates and exchange rates > restricts capital flow. The last time China toyed with the idea of free capital flow in 2015, $1tril of their foreign reserves got wiped out and it dropped from ~$4tril to ~$3tril. Capital controls were swiftly tightened.

View attachment 910696

Meanwhile PDF Chinese: We are going to liberalize the Yuan when we sell more EVs.

Value of your dollar doesnt matters with all this BS capital control. In the meantime, I know some troll will claim Yuan is worthless and China made low quality products which nobody wants. Yet these troll countries continue to have record trade deficiency with China and import record made in China products.

As for China controlling interest rate and exchange is nothing to do with your so called BS capital flow in 2015. China is not stupid enough to be like Japan to allow their rmb to rise high. China is still a export oriental country. Keeping China product export competitive is still a top priority.