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China Economy: Has the script been flipped? From Evergrande Crisis to de-throning the USD?
Posted on 4/18/23 at 7:41 am
Posted on 4/18/23 at 7:41 am
Just 1 year ago, all the MSM headlines were putting out negative narratives regarding the dire state of the Chinese economy - i.e. Evergrande crisis.
Now, the IMF says that China will be the dominant global economic driver in the next 5 years. Other outlets have even hinted at the possibility of the Yuan de-throning the USD as the world reserve currency.
Has the script been flipped? And if so, why?
Yahoo: China will become the global economy's biggest growth driver in the next 5 years, doubling the US contribution, IMF says
Now, the IMF says that China will be the dominant global economic driver in the next 5 years. Other outlets have even hinted at the possibility of the Yuan de-throning the USD as the world reserve currency.
Has the script been flipped? And if so, why?
Yahoo: China will become the global economy's biggest growth driver in the next 5 years, doubling the US contribution, IMF says
This post was edited on 4/18/23 at 9:55 am
7
Posted on 4/18/23 at 7:43 am to the_truman_shitshow
The deep state wants a war. They have to build back up China’s reputation or nobody will be afraid of them.
Posted on 4/18/23 at 7:48 am to OysterPoBoy
quote:
They have to build back up China’s reputation
This doesn't make any sense to me. Wouldn't you want to paint China as a threat rather than fluff them up with headlines like these?
Posted on 4/18/23 at 7:53 am to the_truman_shitshow
The USSR was a threat until their hollowed out economy ground to a halt.
No one knew the real numbers because everyone in the USSR was lying to everyone else about how well they were doing.
I have a feeling China is in the same boat to a degree. Just because Evergrande is dealt with doesn’t mean they didn’t do something to hide the damage from the public eye as it continues behind the scenes.
No one knew the real numbers because everyone in the USSR was lying to everyone else about how well they were doing.
I have a feeling China is in the same boat to a degree. Just because Evergrande is dealt with doesn’t mean they didn’t do something to hide the damage from the public eye as it continues behind the scenes.
Posted on 4/18/23 at 8:22 am to the_truman_shitshow
One name…..Biden
Posted on 4/18/23 at 9:05 am to the_truman_shitshow
Posted on 4/18/23 at 9:08 am to the_truman_shitshow
China is not exactly reporting accurate economic data.
That’s widely known and that’s why many economists put an asterisk by their China predictions.
That’s widely known and that’s why many economists put an asterisk by their China predictions.
Posted on 4/18/23 at 9:38 am to the_truman_shitshow
China is going to implode. One of their many issues is that their citizens speculated and invested heavily in residential real estate. That works fine as long as you have an ever-expanding population and economy driving demand. It sucks when you built thousands of high-rise apartment buildings that will never be occupied due to demographic collapse.
Then there's our current decoupling from China as we move our low and mid-level manufacturing to Mexico. The only thing that scares me is Xi launching a great patriotic war to galvanize his population against the West and allow him to hang on to power.
Then there's our current decoupling from China as we move our low and mid-level manufacturing to Mexico. The only thing that scares me is Xi launching a great patriotic war to galvanize his population against the West and allow him to hang on to power.
Posted on 4/18/23 at 9:40 am to the_truman_shitshow
I think the US dollar is going to face the music real soon. as soon as everyone doesn't need dollars for oil, the whole script will flip.
Posted on 4/18/23 at 9:45 am to the_truman_shitshow
Yeah that was a stupid point
Posted on 4/18/23 at 9:53 am to Goonie02
quote:
I think the US dollar is going to face the music real soon. as soon as everyone doesn't need dollars for oil, the whole script will flip.
They have to use something else though. There are stronger, more stable currencies out there, but they lack volume and liquidity. Then you have the Yuan, which may have the volume, but it's so heavily manipulated that nobody trusts it. In order to be a reserve currency, it has to be HUGE, liquid, and stable. No other currency fits the bill.
Posted on 4/18/23 at 9:55 am to member12
quote:
China is not exactly reporting accurate economic data.
Paired with the idea that presumably, China has mostly infiltrated the U.S., even media.
This post was edited on 4/18/23 at 9:56 am
Posted on 4/18/23 at 10:00 am to Tantal
quote:
In order to be a reserve currency...
You are correct. The YUAN does NOT fit the bill.
My contention is that the China platform is simply being implemented as a means to weaken the narrative of the USD - simply a tool and mechanism to put as at odds with each other such that in the end, they can achieve a macro-economic implosion.
And only then, can they usher in their "solution" - a world reserve currency.
This post was edited on 4/18/23 at 10:01 am
Posted on 4/18/23 at 11:13 am to Tantal
quote:
They have to use something else though. There are stronger, more stable currencies out there, but they lack volume and liquidity. Then you have the Yuan, which may have the volume, but it's so heavily manipulated that nobody trusts it. In order to be a reserve currency, it has to be HUGE, liquid, and stable. No other currency fits the bill.
do you even follow current global news?
China has said the Yuan won't be a reserve currency. oil will not be traded in Yuan. the so called brics trading block will have one common currency backed by gold from all members. not just gold but also rare earths minerals needed in high end microchips, car batteries and solar panels.
Posted on 4/18/23 at 12:06 pm to Goonie02
quote:
the so called brics trading block will have one common currency backed by gold from all members.
I'll believe it when it happens.
Posted on 4/18/23 at 12:08 pm to the_truman_shitshow
quote:
Wouldn't you want to paint China as a threat rather than fluff them up with headlines like these?
Depending on your perspective, the headline can easily be construed as painting Chini as a threat.
Posted on 4/18/23 at 12:19 pm to the_truman_shitshow
88% of the worlds business transactions are in dollars. That is a high mountain the yuan has to climb.
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