China’s Yuan Punches Below Its Weight

[F-22Raptor]

China’s yuan is on the rise: a future challenger to the global supremacy of the dollar, or at the very least, the herald of a new multipolar currency system—or so we’re told.

A look at the data on the actual international use of the yuan, and its achingly slow development over the past decade, is a sobering experience.

Data highlighted by the Bank for International Settlements this week are the latest to cast the yuan’s global role in a pessimistic light. Relative to its size as the world’s largest trading nation, China’s currency punches far below its weight.

Total yuan foreign-exchange turnover runs to around 14 times the value of China’s imports and exports. That compares with nearly 40 times for the euro—in a bloc where much trade is done between countries that use the same currency—160 times for the Japanese yen and around 273 times for the dollar.

https://www.wsj.com/articles/the-ch...rrency-bridesmaid-never-the-bride-11575967754

 

[vi-va]

China’s yuan is on the rise: a future challenger to the global supremacy of the dollar, or at the very least, the herald of a new multipolar currency system—or so we’re told.

A look at the data on the actual international use of the yuan, and its achingly slow development over the past decade, is a sobering experience.

Data highlighted by the Bank for International Settlements this week are the latest to cast the yuan’s global role in a pessimistic light. Relative to its size as the world’s largest trading nation, China’s currency punches far below its weight.

Total yuan foreign-exchange turnover runs to around 14 times the value of China’s imports and exports. That compares with nearly 40 times for the euro—in a bloc where much trade is done between countries that use the same currency—160 times for the Japanese yen and around 273 times for the dollar.

https://www.wsj.com/articles/the-ch...rrency-bridesmaid-never-the-bride-11575967754

which means huge potential. Get yuan as soon as possible.

 

[FedererExpress]

Yuan will never be the dominant reserve currency as long as the CCP remains in power.

To have the dominant reserve currency you need to have rule of law with an independent judiciary. That means it is free of interference from any political party or government. CCP will never allow an independent judiciary because it is a threat to its rule and legitimacy. Any judge that rules against CCP interests will be put in concentration camps or killed. Foreigners are arrested and denied access to a lawyer.

You also need to have a free and open economy where market forces decide the winners and losers. An open capital account means the CCP loses control over the economy and have to allow the normal fluctuations of a market economy. CCP will never allow that. Chinese Communists crave control over every aspect of life. Why? Because the Chinese Communist Party survival is the only thing that matters to them. Not the prosperity of the people or country. Sure, they will allow enough prosperity in order to have regime legitimacy. But in order for China to reach full potential, that means the CCP giving up its control. CCP will never give up control.

 

[vi-va]

Yuan will never be the dominant reserve currency as long as the CCP remains in power.

To have the dominant reserve currency you need to have rule of law with an independent judiciary. That means it is free of interference from any political party or government. CCP will never allow an independent judiciary because it is a threat to its rule and legitimacy. Any judge that rules against CCP interests will be put in concentration camps or killed. Foreigners are arrested and denied access to a lawyer.

You also need to have a free and open economy where market forces decide the winners and losers. An open capital account means the CCP loses control over the economy and have to allow the normal fluctuations of a market economy. CCP will never allow that. Chinese Communists crave control over every aspect of life. Why? Because the Chinese Communist Party survival is the only thing that matters to them. Not the prosperity of the people or country. Sure, they will allow enough prosperity in order to have regime legitimacy. But in order for China to reach full potential, that means the CCP giving up its control. CCP will never give up control.

Come on. You forgot how trump manipulate Federal Reserve? or you forgot US political party struggle, while use so called "law" as a tool for fighting?
How brain washed you are?

 

[kris]

Come on. You forgot how trump manipulate Federal Reserve? or you forgot US political party struggle, while use so called "law" as a tool for fighting?
How brain washed you are?

China is known to manipulate it's currency to its own benefits
How can I keep yuan when it's it's is always at chinas mercy

 

[vi-va]

China is known to manipulate it's currency to its own benefits
How can I keep yuan when it's it's is always at chinas mercy

IMF said differently, are you able to read? Or you are so easy to be brainwashed by US media?

https://www.scmp.com/economy/china-...arde-dismisses-idea-beijing-manipulating-yuan
https://www.politico.com/story/2019/08/09/imf-report-trump-currency-manipulation-1653096
https://asia.nikkei.com/Economy/Tra...s-Trump-China-hasn-t-manipulated-its-currency
https://www.imf.org/en/News/Article...ence-on-china-article-iv-consultations-report

 

[Globenim]

China is known to manipulate it's currency to its own benefits
How can I keep yuan when it's it's is always at chinas mercy

No it isn't. In some uninformed areas of the world maybe it is believed so.
Why do you think anyone buys that you actually bother about the Yuan when you clearly have no objective interest in it and just parott some hollow phrases from U.S. regime propaganda mouthpieces.

 

[kris]

No it isn't. In some uninformed areas of the world maybe it is believed so.
Why do you think anyone buys that you actually bother about the Yuan when you clearly have no objective interest in it and just parott some hollow phrases from U.S. regime propaganda mouthpieces.

See mate, every country manipulates it's currency to some extent, no point in bluffing.
But lack of systematic control is. Ccp is the boss there.

IMF said differently, are you able to read? Or you are so easy to be brainwashed by US media?

https://www.scmp.com/economy/china-...arde-dismisses-idea-beijing-manipulating-yuan
https://www.politico.com/story/2019/08/09/imf-report-trump-currency-manipulation-1653096
https://asia.nikkei.com/Economy/Tra...s-Trump-China-hasn-t-manipulated-its-currency
https://www.imf.org/en/News/Article...ence-on-china-article-iv-consultations-report

Pls go through the links you quote. Second one, pls read imf persons suggestions to china