INDIA , Russia, Brazil, China, and South Africa may soon consider creating their own currency for BRICS : FM Lavrov

[Hecig]

Did you EVER had a case to begin with?? Consider you are not talking about how this would work for China, and you just echoing what comrade Lavrov said, tell me, what was your case??

You can read all my previous posts in this thread to know my case. Its pretty simple and straightforward. For most.

 

[beijingwalker]

This dependence is so high that you didn't dare to formally import Iranian oil despite all the overhyped Chinese words and claims about Asian alliance. Let me call it bunch of bullcrap

unless it is not true

 

[etylo]

@beijingwalker @etylo

Let's be honest. China owes many things to US investment, US technology transfer etc. And i don't blame you for it, you gotta feed 1.4 bn people. Look at this figure for example
View attachment 913713

China's top import partners (USA and its allies) account for almost 44% of its total imports.

Or this one (all US allies)
View attachment 913714

I know that every country puts its national interests and its own rules in the first place. But don't you think that we are bunch of clueless fools here, by pretending that China is some kind of super hero savior of Asians and Latin people. You highly depend on western block and it is understable why you couldn't do jackshit to support Russian operation in Ukraine or in the Taiwanese case.

BRICS won't accept Chinese monopoly, esp, considering the fact that this country highly depends on west for its trade. This dependence is so high that you didn't dare to formally import Iranian oil despite all the overhyped Chinese words and claims about Asian alliance. Let me call it bunch of bullcrap. And the fact that Chinese ideology can never distinguish between true friendly countries and true enemies, people would prefer to go with the same dollar based system or introduce a new mutual currency accepted by majority without monopoly. You cannot hold these countries as hostages to hide your own weaknesses.

Mark my words, i know countries like Iran and Venezuela are going to have hard hours for a short period of time but a new order is being shaped in which the western aligned China which cannot even take Taiwan back won't be the new dictator. When the membership in Eurasian economic forum is finalized, Iran won't need to sell oil to Chinese companies from unformal channels, and possibly the trade volume between China and Iran reaches the near zero point. Slowly but surely and preferably.
View attachment 913717

Haha, I advise your country not to sell oil to China then, you are so outright and noble that you want China to behave like India to Iran ? You want China to end up like your country Iran being the enemy of nearly every somewhat important country in the world ? All those countries in the Western camp China are doing business with are not the US, and why should China stop trading with them ? The trade benefits both sides. And you also want China to take back Taiwan ruined ? That only happens if it's the last choice, Chinese are no fools. China is not set to dominate anybody, period.

 

[beijingwalker]

@beijingwalker @etylo

Let's be honest. China owes many things to US investment, US technology transfer etc. And i don't blame you for it, you gotta feed 1.4 bn people. Look at this figure for example

China's top import partners (USA and its allies) account for almost 44% of its total imports.

Or this one (all US allies)


I know that every country puts its national interests and its own rules in the first place. But don't you think that we are bunch of clueless fools here, by pretending that China is some kind of super hero savior of Asians and Latin people. You highly depend on western block and it is understable why you couldn't do jackshit to support Russian operation in Ukraine or in the Taiwanese case.

China just does normal trade with everyone, so called dependence is always mutual, the west is as much as dependent on China if not more so. neither China nor west is doing anyone's favors.

China never supported Russia's invasion of Ukraine, during the Beijing winter Olympics when Putin was in time, China did a lot of persuasion work aksing him to scrap that idea but he didn't listen and launched the attack when Beijing's Olympic games were still going on, that's a bit too much. Ukraine is also a friend of China, actually Ukraine contributed more for ChIna's weaponry upgrading than Russia did, China's first carrier was bought from Ukraine. we don't condemn Russia doesnt mean we support Russia invasion, an invasion is still an invasion, though we believe Ukraine kind of asked for it, but still can't change the basic fact.

As for Taiwan, we don't want to take back a totally ruined island, China fought US in Korea in 1950, do you think China couldn't take back Hong kong from UK and Macau from Portugal in 1949 ? but China didn't , she waited for half a century until 1997 and 1999 after the old treaties expired. forcibly taking back a runined piece of land is not in the interest of China. Taiwan is still one of mainland China's biggest trading partner, without Taiwan's investment, China's open up reform wouldn't been so sooth in the 1980's and 1990's.

 

[jhungary]

You can read all my previous posts in this thread to know my case. Its pretty simple and straightforward. For most.

So in other word, you can't state your own case??

 

[mike2000 is back]

The BRICS currency reserve will just be the acceptance of the Yuan for trade.

I agree. I don't see this common BRICS currency as feasible. China will jave to give in almost all her advantages to accommodate the others, and knowing the CCP that's definitely not happening(and I don't blame them, I myself will.not agree to that if I was in their shoes).
The only way for this to work is for the other BRICS members to use the Chinese Yuan for trade and as a reserve currency, something im 100% sure India and Russia will never agree to since it will seriously hurt their ego and pride. so this BRICS currency is just all talk and just another bullshit that will never happen.

 

[Cheepek]

More brainfarts by Lavrov

 

[Muhammed45]

Haha, I advise your country not to sell oil to China then, you are so outright and noble that you want China to behave like India to Iran ? You want China to end up like your country Iran being the enemy of nearly every somewhat important country in the world ? All those countries in the Western camp China are doing business with are not the US, and why should China stop trading with them ? The trade benefits both sides. And you also want China to take back Taiwan ruined ? That only happens if it's the last choice, Chinese are no fools. China is not set to dominate anybody, period.

China just does normal trade with everyone, so called dependence is always mutual, the west is as much as dependent on China if not more so. neither China nor west is doing anyone's favors.

China never supported Russia's invasion of Ukraine, during the Beijing winter Olympics when Putin was in time, China did a lot of persuasion work aksing him to scrap that idea but he didn't listen and launched the attack when Beijing's Olympic games were still going on, that's a bit too much. Ukraine is also a friend of China, actually Ukraine contributed more for ChIna's weaponry upgrading than Russia did, China's first carrier was bought from Ukraine. we don't condemn Russia doesnt mean we support Russia invasion, an invasion is still an invasion, though we believe Ukraine kind of asked for it, but still can't change the basic fact.

As for Taiwan, we don't want to take back a totally ruined island, China fought US in Korea in 1950, do you think China couldn't take back Hong kong from UK and Macau from Portugal in 1949 ? but China didn't , she waited for half a century until 1997 and 1999 after the old treaties expired. forcibly taking back a runined piece of land is not in the interest of China. Taiwan is still one of mainland China's biggest trading partner, without Taiwan's investment, China's open up reform wouldn't been so sooth in the 1980's and 1990's.

You guys are missing the point. Read again, Chinese economy is way dependent on western block. And China's national interests is in conflict with its national security and the reason is ideological weakness of this country. This dependence is the main reason why Yuan cannot take on dollar.

Unlike what @mike2000 is back is trying to say, it is not about pride or jokes like that. Yuan cannot act freely from dollar because of mentioned reasons, that's why making it the reserve currency of BRICS will be a grave danger to the members. Heck, China couldn't stop Pelosi, how can BRICS expect it to act freely? China will benefit from trading with west providing west with its cheap labor force, on the other hand, BRICS will just make itself dpendent on China and nothing else. The same cycle.

 

[etylo]

You guys are missing the point. Read again, Chinese economy is way dependent on western block. And China's national interests is in conflict with its national security and the reason is ideological weakness of this country. This dependence is the main reason why Yuan cannot take on dollar.

Unlike what @mike2000 is back is trying to say, it is not about pride or jokes like that. Yuan cannot act freely from dollar because of mentioned reasons, that's why making it the reserve currency of BRICS will be a grave danger to the members. Heck, China couldn't stop Pelosi, how can BRICS expect it to act freely? China will benefit from trading with west providing west with its cheap labor force, on the other hand, BRICS will just make itself dpendent on China and nothing else. The same cycle.

So, in your Iranian mind, China is good for nothing except cheap labor force, are you also a delusional Indian too ?

 

[Muhammed45]

So, in your Iranian mind, China is good for nothing except cheap labor force

For western block, yes. Isn't it?

 

[beijingwalker]

You guys are missing the point. Read again, Chinese economy is way dependent on western block. And China's national interests is in conflict with its national security and the reason is ideological weakness of this country. This dependence is the main reason why Yuan cannot take on dollar.

No, China doesn't depend on any specific isolated market

China Is the Top Trading Partner to More Than 120 Countries

www.wilsoncenter.org

how can BRICS expect it to act freely? China will benefit from trading with west providing west with its cheap labor force, on the other hand, BRICS will just make itself dpendent on China and nothing else. The same cycle.

China's labor cost is no longer cheap, actually pretty expensive now, why the west can't turn to other countries for cheap labor?

 

[etylo]

For western block, yes. Isn't it?

Maybe you are nearly as ignorant as Indian on China. China sells many products to the west that they can't compete both technologically and commercially, some products for examples such as solar panels, windmills, other green energy products, electric vehicles, UAVs, and electrical machinery and equipment such as boring machines.

 

[beijingwalker]

China enjoys massive trade surplus with India, if China and India stop trading with each other, India will collapse cause it'll run out of everything in no time, China will be largely ok. same goes to the situation between China and the west.

Besides, in recent years, China's trade is shifting more and more to the emerging economies

 

[mike2000 is back]

..and a LOT safer too.

This is also due to the genocidal one child policy. Where famillies were forced to abort their unborn babies by authorities which led to tens or even hundreds of millions of babies been killed off this past 4 decades. So parents who wanted to have a male child only had one chance to get it right, so if the first child was determined to be a girl, they will kill off/abort the child before she was born and try again for a boy in future. This led to a situation where China now has tens of millions more men than women. So these men need wives/girlfriends as well. They can't live their while life without a partner . Reason human trafficking is rampant in China and even affects neighbouring countries where women from neighbouring countries (Vietnam, Cambodia, Laos, Thailand , Myanmar, North Korea etc are trafficked to China for money. Where there is demand , the market will.always look for ways to meet that demand. So this will continue.

 

[etylo]

This is also due to the genocidal one child policy. Where famillies were forced to abort their unborn babies by authorities which led to tens or even hundreds of millions of babies been killed off this past 4 decades. So parents who wanted to have a male child only had one chance to get it right, so if the first child was determined to be a girl, they will kill off/abort the child before she was born and try again for a boy in future. This led to a situation where China now has tens of millions more men than women. So these men need wives/girlfriends as well. They can't live their while life without a partner . Reason human trafficking is rampant in China and even affects neighbouring countries where women from neighbouring countries (Vietnam, Cambodia, Laos, Thailand , Myanmar, North Korea etc are trafficked to China for money. Where there is demand , the market will.always look for ways to meet that demand. So this will continue.

Where do you get the idea that Chinese killed tens of millions or worse hundreds of millions of babies ? Nothing but another lie propagated in the Western countries about China. The one child policy is only enforced on Han Chinese living in the cities whereas the policy was widely and readily accepted by the city population becos there were social safety nets there. In the rural areas, couples usually preferred to have at least one boy to carry on the family lineage and take care parents in old age, so couples there would usually not stop having babies until they hit one or two boys. But, if couples ended up having few boys in births the parents would usually not having more babies so like that they can at least have one or two girls. This is the real reason that there are about 20 millions of males more than females in China now.

You British really have no moral right to judge such as human trafficking in China while yourselves are far from being clean on the subject. You should be really concerned with your own rampant and notorious women sex trades in Europe and esp your Britain.

'Sex slaves are on every street in Britain'

Young people – from all ethnic backgrounds and walks of life – are sex slaves in British streets. This modern slavery outrage demands urgent action, says Genevieve Fox

www.telegraph.co.uk