Chinese yuan to become global reserve currency

[VCheng]

China to Allow Direct Conversion Between Yuan and Swiss Franc - Bloomberg Business

It is well on its way, but you can't fault China for being cautious, once the cat is out, it's out.

Of course, China needs to be cautious with its steps. A journey of a thousand miles .....

 

[Beast]

Has nothing to do with the fact that "made in China" products have the same connotation as cheap, unreliable, etc. Its a fact, dont want to argue about a fact with you.

Hater please cried. Then the Turkish are equally cheap since they used China HSR. A slap on your face.

GCR - News - Turkey’s new high-speed rail: victory for Erdogan – and China

Please use your brain before you speak again.

 

[KingWest]

Hater please cried. Then the Turkish are equally cheap since they used China HSR. A slap on your face.

GCR - News - Turkey’s new high-speed rail: victory for Erdogan – and China

Please use your brain before you speak again.

I live in Belgium I know what I talk about. The label "Made in China" is not something you can be proud of. In Belgium, they will see the product labelled as "made in China " as a product of inferieur quality. The same cant be said about Turkish products in here. Im not talking about the actual quality of the product. Im talking about the percieved quality of the product.

Edit: If you have for example 5 products in a store, and the 5 products are exactly the same. But the first product is made in Germany, the second made in Japan, the 3th made in the US, the 4th made in Turkey and the 5th made in China. Than the majority of the people wont buy the made in China product because of the percieved inferieur quality of the product. Eventough they are exactly the same products.

 

[Tauren Paladin]

With the Yuan becoming a reserve currency, the Chinese are going to get richer and the Americans will have more competition.

 

[21stCentury]

Made in China does not have a lot of positive connotations

It's changing rapidly. Heard of DJI? It's the worlds largest and by far the most well known commercial drone maker. The average cost of DJI drones are couple thousand USD, even the cheapest model is several hundred dollars.

What's the point? DJI is a domestic Chinese company. DJI drones are designed and manufactured completely in China. Shows like The Walking Dead uses DJI drones on the set.

 

[KingWest]

It's changing rapidly. Heard of DJI? It's the worlds largest and by far the most well known commercial drone maker. The average cost of DJI drones are couple thousand USD, even the cheapest model is several hundred dollars.

What's the point? DJI is a domestic Chinese company. DJI drones are designed and manufactured completely in China. Shows like The Walking Dead uses DJI drones on the set.

It its changing and in the next 20 years it will change more. Japanese products once had the same perceptions as the current Chinese products. The connotations of the "made in China" label will hopefully be better in the next couple of decades. This is one of the main struggle points of Chinese products today.

another interesting link : 'Made in China' Aims For Sophistication

 

[terranMarine]

It's changing rapidly. Heard of DJI? It's the worlds largest and by far the most well known commercial drone maker. The average cost of DJI drones are couple thousand USD, even the cheapest model is several hundred dollars.

What's the point? DJI is a domestic Chinese company. DJI drones are designed and manufactured completely in China. Shows like The Walking Dead uses DJI drones on the set.

@mike2000 is back was shocked that DJI is a Chinese company after finding it out here . He thought it was a western company since he owns one of its drones. Apparently he was very impressed with the build quality he thought it has to come from some Western company.

 

[Zsari]

Giving an opportunity was IMF's prerogative but making use of it is china's responsibility. Unless China makes it's currency fully convertible, no one would even use renmibi

I don't think China at least in the medium term has any plan or interest in having foreign citizens using RMB. Rather it would like to have central banks of the world to hold RMB so trade settlement with China can be made in RMB rather than going through the dollar.

 

[cnleio]

Mao is a Great Chinese, now 'he' will bring China to the whole world, upto a bigger stage ! Mao's job just rebuild the China, he did very well and affect Chinese new generations !

 

[Beast]

Your little brain is incapble of reading I think. Lets try it again for the last time. This source does even use a Chinese professor in marketing's research 'Made in China' Aims For Sophistication
Once again percieved quality are the key words. But I guess you dont understand those words?

Then may you answer me why Turkey selected China HSR for their national rail project since its so called cheap,low quality and bad that you are so obsess with perception? Is it becos Turkish are equally cheap, bad and low quality?

If I go by your perception theory, nobody shall have bought anything as sophisticated as HSR from China. Why CHina HSR manage to export to Turkey? It defines your theory.

 

[KingWest]

Then may you answer me why Turkey selected China HSR for their project since its so called cheap,low quality and bad that you are so obsess with perception? Is it becos Turkish are equally cheap, bad and low quality?

Just read 'Made in China' Aims For Sophistication before talking shit to me . Im tired of this pointless discussion. read: 'Made in China' Aims For Sophistication and file a letter of complaint to the Cheung Kong Graduate school of business and to all other researchers in the field. Sue Zhang Kaifu, and let him be fired. Maybe, since you are an expert in the field, you should get hired instead

Edit: and you should probably follow some politic courses too if you are interested in how governments make decissions.

 

[Beast]

Just read 'Made in China' Aims For Sophistication before talking shit to me . Im tired of this pointless discussion. read: 'Made in China' Aims For Sophistication and file a letter of complaint to the Cheung Kong Graduate school of business and to all other researchers in the field. Sue Zhang Kaifu, and let him be fired. Maybe, since you are an expert in the field, you should get hired instead

Who the hell are they? Just some no name so called expert who you are so obsessed with? Becos they sing the same tune with your hate China thinking?

Loser usually resort to desperate attempt like quoting some anomymous source just to prove their stance. I pity you. That website totally has no authority in anything. JUst a hate China website who claim themselves as expert. Everybody knows the amount of hate China theory produces by the western media. They can hate China for no reason and you are just one of the jealous headburt about rising China. If those theory works, Why CHina managed to export HSR to Turkey? Care to answer that since China reputation is so bad? Or you just dont want to admit Turkish is equally cheap, low quality and bad.

 

[cnleio]

Waste ur time to feed the troll

2013 - 2015 Countries With Highest Exports - Top 5 World

 

[KingWest]

Who the hell are they? Just some no name so called expert who you are so obsessed with? Becos they sing the same tune with your hate China thinking?

Loser usually resort to desperate attempt like quoting some anomymous source just to prove their stance. I pity you. That website totally has no authority in anything. JUst a hate China website who claim themselves as expert. Everybody knows the amount of hate China theory produces by the western media. They can hate China for no reason and you are just one of the jealous headburt about rising China. If those theory works, Why CHina managed to export HSR to Turkey? Care to answer that since China reputation is so bad? Or you just dont want to admit Turkish is equally cheap, low quality and bad.

Oke, you are right. Everyone in the West thinks that Chinese products are top of the line. Chinese products are viewed to be amongst the best, and the "made in China " label is viewed so positive that everyone wants Chinese products before a Japanese product here. You managed to do it, you just changed the perception of Chinese products by stating that it is not true. I wish Japan had the same keyboard warriors , it coud've saved them a lot off effort in the '50s

"` Until around 1950, Japanese products were perceived worldwide as being very inexpensive, but with poor quality. By the 1980s, products made in Japan were known all over the world for their high quality and reliability"

 

[Beast]

Oke, you are right. Everyone in the West thinks that Chinese products are top of the line. Chinese products are viewed to be amongst the best, and the "made in China " label is viewed so positive that everyone wants Chinese products before a Japanese product here. You managed to do it, you just changed the perception of Chinese products by stating that it is not true. I wish Japan had the same keyboard warriors , it coud've saved them a lot off effort in the '80 s and '90s.

You still haven answer my question why Turkey buys China HSR for their national railway project?

I give you 2 answers - Becos Turkish are equally cheap, low quality and bad as the Chinese product you claimed in your theory or China product is reliable and good with value for money that Turkey picks China HSR as their railway project which defies your hate China theory.

Please choose one to reply me