foreignpolicy.com broods over question: Is China "sanctions proof"?

[Providence]

Your gobbling comment was far worse.

Frankly there is no way you can lecture Gufi after that nonsense you were spewing.

I care less what you think when your countrymen just lies through their teeth when it comes to talking economy and exchange rate.

 

[Echo_419]

China is right in the middle of the largest economic transition of this generation, we are trying to re-balance our entire economic model, if that is not vulnerable then I'm not sure what else you would call it.

Well let's see what you guys are doing
Trading with Iran
Trading with Russia & signing multi billion dollar deals
Pissing off US allies in South East Asia
If the west really had the nuts to sanction you then it would have

 

[Yizhi]

If they would have sanctioned us over anything, it would be over seizing Scarborough shoal in 2012.

After all, America has a "mutual defence treaty" with the Philippines.

But they didn't do anything. They didn't come to help the Philippines, they didn't sanction us, Hell they didn't even condemn us. They just pretended that nothing happened.

What a great arrangement.

that was a true 'win-win' arrangement. the only loser was the Philippines.

 

[Fattyacids]

DO you all chinese lie when it comes to numbers ?

This is the data which I fetched jus NOW. IT has weekly exchange rate and past year's data as well.

RMB have actually weakened over the last 52 week period albeit very less but terming it as becoming stronger to $ is an outright lie.

View attachment 183324
View attachment 183325

Who are you trying to fool??? The chart you pulled from Bloomberg is 1 day chart, not weekly or yearly. You even deleted the "time stamp" at the bottom, indicating you clearly knew you're using 1 day chart. (See the green rectangular box) Your lie is busted !!!!

 

[Chinese-Dragon]

Who are you trying to fool??? The chart you pulled from Bloomberg is 1 day chart, not weekly or yearly. You even deleted the "time stamp" at the bottom, indicating you clearly knew you're using 1 day chart. (See the green rectangular box) Your lie is busted, dumbass!!!!


View attachment 183329

@Providence lied yet again?

That's pretty much all of his posts on this thread. Must be a record.

 

[Chinese-Dragon]

Look at the second pic before you call me a liar FAG.

@Fattyacids was telling the truth, something you seem unable to comprehend.

 

[Fattyacids]

Look at the second pic before you call me a liar fag. Read properly again. It clearly says the 52 week range is from 6.0293- 6.2674 with the current value being 6.2039 clearly indicating that the current value is on the lower side of the 52 week range.

Meaning it has weakened and NOT strengthened as was initially claimed.

Did you not lie on the 1st picture?? Your intentional deletion of the "time stamp" is clear indication that you set out to deceive. Normally when we quote a source, in this case a chart, we don't edit or alter the data.


Your 2nd picture is nothing more than a snapshot of today's price range. (See the green oval circle, time stamp is today, the same as the pic you posted.) It just so happened that the 52 week range is displayed at the bottom. Your lie is busted again!!!
Anyone can snapshot a currency pairing chart from any time period, 1 min to 10 year. The result can read negative or positive depending on the specific date that is set.

 

[Yizhi]

Look at the second pic before you call me a liar fag. Read properly again. It clearly says the 52 week range is from 6.0293- 6.2674 with the current value being 6.2039 clearly indicating that the current value is on the lower side of the 52 week range.

Meaning it has weakened and NOT strengthened as was initially claimed.

Historic Exchange Rates (Chinese Yuan Renminbi) - X-Rates
2005 was about the time US started talking about 'chinese currency manipulator'.
2005: 1CNY=0.120821USD
2015: 1CNY=0.161226USD
do the simple division yourself.
hint: US is still talking about 'chinese currency manipulator' now.
and speaking of weakened currency, where is Euro, Yen or Ruble now? CNY actually strengthened compared to those ones in 2014.

 

[Providence]

Did you not lie on the 1st picture?? Your intentional deletion of the "time stamp" is clear indication that you set out to deceive. Normally when we quote a source, in this case a chart, we don't edit or alter the data.


Your 2nd picture is nothing more than a snapshot of today's price range. (See the green oval circle, time stamp is TODAY, the same as the pic you posted.) It just so happened that the 52 week range is displayed at the bottom. Your lie is busted again!!!
Anyone can snapshot a currency pairing chart from any time period, 1 min to 10 year. The result can read negative or positive depending on the specific date that is set.

View attachment 183337

Are you kidding me ?

First tell me did I post two pictures or not ? Did the second pic have the 52 week data or not ?

I have nothing to say. You chinese posters here are a bunch of liars !

Historic Exchange Rates (Chinese Yuan Renminbi) - X-Rates
2005 was about the time US started talking about 'chinese currency manipulator'.
2005: 1CNY=0.120821USD
2015: 1CNY=0.161226USD
do the simple division yourself.
hint: US is still talking about 'chinese currency manipulator' now.
and speaking of weakened currency, where is Euro, Yen or Ruble now? CNY actually strengthened compared to those ones in 2014.

China's RMB has weakened compared to $ since past 52 weeks is what I retorted back when someone claimed that their exports are STILL going strong although the RMB is falling which is a clear lie on his part.

DO you all chinese lie when it comes to numbers ?

This is the data which I fetched jus NOW. IT has weekly exchange rate and past year's data as well.

RMB have actually weakened over the last 52 week period albeit very less but terming it as becoming stronger to $ is an outright lie.

View attachment 183324
View attachment 183325

For the uninitiated stupid people here, learn to comprehend.

 

[Gufi]

Cool I won't respond to your gibberish. I now know how much you know about US currency and capital markets.

ok listen now i have to teach you about your own country... The basis of the dollar was gold... The major debt that the European countries had when they fought world war 2 was payable according to the gold standard... it remained in place till the 1970s.. by that time the world had accepted American dollar as the dominant currency in the world.. AFTER THAT they introduced flat currency system
Gold standard - Wikipedia, the free encyclopedia
BUT the basis of acceptance of the US dollar as currency of choice was because of the gold standard, Please stop being so ignorant that i have to lecture u so much, If any other country has to replace the dollar they will need a standard.
United States Bullion Depository - Wikipedia, the free encyclopedia

Frankly there is no way you can lecture Gufi after that nonsense you were spewing.

do not worry friend this is the next generation of Americans you are up against...

Chinese yuan 10 years movement

Currencies do not shift in one day as much as you think that they are a constant rollercoaster that is the sign of a stable economy
@Chinese-Dragon @Fattyacids (show him this chart 10 years currency shift)

 

[Fattyacids]

Are you kidding me ?

First tell me did I post two pictures or not ? Did the second pic have the 52 week data or not ?

I have nothing to say. You chinese posters here are a bunch of liars !

The 1st picture you posted is a 1-day chart, which you intentionally deleted the "time stamp" from the source. You were busted.

The 2nd picture you posted is also based on 1 day chart. The 52 week range that appeared at the bottom is standard format for all Bloomberg snapshot. If you really meant what you said, you would have posted a proper 52 week chart. Why use a 1-day snapshot page? This is not a Bollywood forum, you can fool no one.

 

[surya kiran]

We do have a significant amount of vulnerability at present, which is why we are pushing so hard for economic reforms (currently ongoing) and the internationalization of the Yuan.

These actions show that we are not happy with things as they stand, we still have a lot to do before we can cushion ourselves effectively against external sanctions or other such eventualities.

There is no time to rest.

Don't you think its unwise to compare the Russian and Chinese situations? For one, Russia is selling energy resources. Sanctioning China would be more on the supply side. So tomorrow, if there was a sanction on selling to Chinese entities it would create a problem, since it is estimated that approximately 60% of oil/gas requirements will need to be imported by 2020? If this happens, there is a distinct possibility of increase in the cost of production? So the viability of the sanction, if ever levied, will depend on what needs to be hurt?

 

[Yizhi]

china now is an indispensable part of the global supply chain, to sanction china means to disrupt the current basis of entire global trade system, wall-street led US won't make such stupid move. Russia is in such difficult situation precisely because they are 'dispensable' for you can always find other energy suppliers.
US can afford sanctioning Russia or even profit from ruble crisis while sanctioning china means mutual destruction....this is the 'nuclear deterrence' in global economic warfare.

China is not the only creditor
The US government wont dare to default

You are definitely not alone here

where did you get all these cute animation

 

[Keel]

China now is an indispensable part of the global supply chain, to sanction China means to disrupt the current basis of entire global trade system, wall-street led US won't make such stupid move. Russia is in such difficult situation precisely because they are 'dispensable' for you can always find other energy suppliers.
US can afford sanctioning Russia or even profit from ruble crisis while sanctioning China means mutual destruction....this is the 'nuclear deterrence' in global economic warfare.

Part of the reason why the US can be on road to recovery sooner is because of the demand side of the US equation principally due to the super manufacturing power of China, particularly in consumer products, at a low price which keeps the US inflation lowwhile the Fed has kept their interest rates very low and plenty of dollars to splash around. The 1% and another portion of the USA population wont be affected but for those who can barely keep a job or those on food stamps, China is the saviour throughout the US financial crisis

Second the supply side. Companies like Apple, the car makers, Boeing, franchised food chains like McDonald/s. Pizza Hut .. are enjoying great profits through their retail or manufacturing operations in China They can capture good segments of the Chinese economy while companies which rely on Chinese imports are reaping obscene margins on sales backhome

In addition on liquidity. The buying of t-bonds blah blab by China and US companies like AIG are able to keep itself afloat and out of the blues now due to the "too big to fail" US government bail-outs and having its branch arm in HK getting a successful IPO for its much needed funding for the Group

I would have thought that Nixon has already ditched US-gold standard linkage
The USD's value is based on credit - alas its deceptive credit agencies all have given USD a top rating despite its miring in deep sh$t during the crisis but if the US dare to default even on $1 dollar, the rest of the world wont allow this US "privilege" to happen again

Also the US is the petro dollar and the dominating trading and reserve currency so it can keep its seatbelt.

where did you get all these cute animation

Chinese qq emoticons under "吉祥父子“
There is a huge number of different cute characters like that in China talking about lack of creativity which are developing a great business and artistic ecosystem of their own

 

[Thəorətic Muslim]

Out of $9 trillion in dollars in circulation, $7 trillion of them is used outside the US. That means the gangsters in Washington highly depend on foreigners using dollars for international trade, investment and financing.

Correction: There's only $1.2 Trillion bills in circulation. With $100 bills the most desired. And $2.58 Trillion in coins.