Does China have enough US dollars to survive the US trade war?

[Surya 1]

Even with the rate of burning through 1 billion US dollars in 3 years, burning all 3.1 billion US dollars would take 9 years and that is a LONG time. Some people, like the author of this article, are just filled with negativity in their hearts and minds.

Billion or trillion?

 

[Feng Leng]

do you really know math ?

Another genius here

 

[Nilgiri]

Another genius here

Have you launched the nukes yet this time? Everything can be solved by a tactical nuclear war.

 

[KAL-EL]

Have you launched the nukes yet this time? Everything can be solved by a tactical nuclear war.

 

[Jlaw]

Have you launched the nukes yet this time? Everything can be solved by a tactical nuclear war.

 

[nang2]

Billion or trillion?

good catch.

do you really know math ?


is anyone stopping you ?

my math isn't wrong. do the calculation yourself. the number remains the same with billion or trillian.

 

[nahtanbob]

good catch.


my math isn't wrong. do the calculation yourself. the number remains the same with billion or trillian.

for one you assume linearity. some of these financial events are hardily linear

 

[nang2]

for one you assume linearity. some of these financial events are hardily linear

That assumption is reasonable because 1, China imposes tight foreign currency control that prevents any type of sharp changes; 2, the time span is in years, not in days. If you don't agree, propose your model with your reasoning and remember to apply your model whenever some of your compatriots predict India economy growth.

 

[nahtanbob]

That assumption is reasonable because 1, China imposes tight foreign currency control that prevents any type of sharp changes; 2, the time span is in years, not in days. If you don't agree, propose your model with your reasoning and remember to apply your model whenever some of your compatriots predict India economy growth.

One reason for China's success is the removal of a lot of controls and granting of freedom (at least on economic levels)
When you impose those controls how things pan out is anyone's guess. Chinese state can impose tight currency controls. Whether citizens and chinese companies play by those controls is a different story.

It is like asking what the stock market will be 3 months from now. financial events are not linear in the short run.

take your analysis with a grain of salt

 

[beijingwalker]

One reason for China's success is the removal of a lot of controls and granting of freedom (at least on economic levels)

You surprised me by stating that China is a success, based on your posts I thought you must think China was a completely failed state...

 

[nang2]

One reason for China's success is the removal of a lot of controls and granting of freedom (at least on economic levels)
When you impose those controls how things pan out is anyone's guess. Chinese state can impose tight currency controls. Whether citizens and chinese companies play by those controls is a different story.

It is like asking what the stock market will be 3 months from now. financial events are not linear in the short run.

take your analysis with a grain of salt

Currency control has always been tight ever since the economic reform started in 80s. Here, currency control means the control of the outflow, not inflow. You make it sound like it is a new thing and will somehow cause China's success to regress. You simply got cause and effect backward.

 

[zectech]

China’s US$3.1 trillion in foreign exchange reserves may not be sufficient to support a crisis in the economy, analysts say

If they convert it to gold/silver/platinum/palladium, the crisis would be global and not Chinese.

 

[lcloo]

Does China have enough US dollars to survive the US trade war? Those who said this are no-brainer.

Just ask Google. Does Huawei have OS to survive the US trade war? Google is afraid of their OS monopoly be broken by Huawei's new OS.

US treasury should be worry that the USD dominance will be broken in new RMB dominated international trading, which by the way has already been started years ago by many major trading partners of China. We don't need to use USD buying and selling with China since many years ago.

 

[Han Patriot]

People are underestimating the recent Sino Russo rapprochement. A lot of oil will be bought using yuan in the near future, US just hastened it.