They can use it to buy more gold and silver and which they already are. This can cause the Yuan to appreciate, and this gives you to room to print out more Yuan. The US dollars can also be used to buy more imports from other countries like soybeans from Brazil, since you expect China to get less US dollars now for these things because of less exports to the US.
Chinese Economics Thread
- Thread starter Norfolk
- Start date
They can use it to buy more gold and silver and which they already are. This can cause the Yuan to appreciate, and this gives you to room to print out more Yuan. The US dollars can also be used to buy more imports from other countries like soybeans from Brazil, since you expect China to get less US dollars now for these things because of less exports to the US.
Gold value :
ALL GOLD ONE THE EARTH WORTH : 6,897,549,070,080.42 $
Chinese foreign xchg reserve : 3095000 USD Million
Silver
value of it is less that 100 billion $, all available investment quality silver ( I presume there is more flexible supply for it than for gold ) .
Actually , this page :
showing that the value of financial physical gold stock is roughly as big as the Chinese FX reserve.
Hendrik_2000
Lieutenant General
For many of us in the overseas I never for once dream that China economy will take off sofar and so wide allowing prosperity to reach million of peoples
Even though the link is very tenuous after so many generation, it still hurt to see the grinding poverty in 1960's China
I still remember vividly when Nixon come to China with hundred of reporter They might as well land in the moon
All they see is masses of people riding bicycle wearing the same mao jacket of blue and grey. NO high rise building to speak about, NO car every body ride buses . shabby building and living condition, poor hygienic
And one of the reporter ask passerby don't you want one day to own a car and drive around the country ? Maybe mocking and smug at the same time knowing what the answer will be
And what do you know 40 years forward and The same reporter might surprise what they will see in modern China now
Right now the western MSM running an odious and vilification campaign to badmouth and blacken China image by invoking TAM massacre . And of course Chinese rebuttal. I don't want to post purely political post as that is not the intention of this forum.
Chinese history is full with repression but running such a big country is not easy and regimentation can't be avoided. Were those protesting student were successful China will now plunge into economic stagnation and political paralysis hampering effort to reduce poverty and per sue of happiness like China's neighbor to the south and middle eastern countries and South America. Here is a contrast past and present
Nowadays even average young couple can buy RV and traveled all over China on their own
Those reporter should see it with their own eyes Amazing and unbelievable
Even though the link is very tenuous after so many generation, it still hurt to see the grinding poverty in 1960's China
I still remember vividly when Nixon come to China with hundred of reporter They might as well land in the moon
All they see is masses of people riding bicycle wearing the same mao jacket of blue and grey. NO high rise building to speak about, NO car every body ride buses . shabby building and living condition, poor hygienic
And one of the reporter ask passerby don't you want one day to own a car and drive around the country ? Maybe mocking and smug at the same time knowing what the answer will be
And what do you know 40 years forward and The same reporter might surprise what they will see in modern China now
Right now the western MSM running an odious and vilification campaign to badmouth and blacken China image by invoking TAM massacre . And of course Chinese rebuttal. I don't want to post purely political post as that is not the intention of this forum.
Chinese history is full with repression but running such a big country is not easy and regimentation can't be avoided. Were those protesting student were successful China will now plunge into economic stagnation and political paralysis hampering effort to reduce poverty and per sue of happiness like China's neighbor to the south and middle eastern countries and South America. Here is a contrast past and present
Nowadays even average young couple can buy RV and traveled all over China on their own
Those reporter should see it with their own eyes Amazing and unbelievable
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It is quite interesting, actually Pettis talking the necessity of this for a long time.
But for second check the appreciation of Yuan is defamatory, punishing manufacturer and destroying jobs IF it happens as a central step, not due to the increased internal demand.
I mean, selling bonds to make stronger yuan will destroy the consumer income source ( employment) ,the opposite, selling bonds because the trade surplus collapsing due to higher demand is good.
Jura The idiot
General
It's amazing how I watch the "30 year of TAM" as reported by MSM. It is used to demonised China,
I mean, for crying loud, why aren't there any anniversaries for "massacre" done by the west or it's allies? Let's face the facts, theres been numerous times, and much worse committed by them. Funny that!
Hendrik_2000
Lieutenant General
Trade war what trade war
China says its May trade surplus was $41.65 billion, significantly more than expected
PUBLISHED 2 HOURS
said on Monday its overall trade surplus last month was $41.65 billion, significantly more than expected as the trade impasse between and drags on.
Economists polled by Reuters had expected China to post an overall trade surplus of $20.5 billion in May.
The country’s dollar-denominated exports for May inched up 1.1%, while imports fell 8.5%, according to data from China’s General Administration of Customs. The economists had forecast China’s dollar-denominated exports and imports to both fall 3.8% year-on-year.
The Chinese overall trade surplus in April was $13.8 billion, customs data showed, far below the projected $35 billion. That’s partly due to an unexpected rise of 4% in imports, and a surprise fall of 2.7% in exports for the month.
High-level negotiations between the and China stalled after President last month raised tariffs on $200 billion worth of Chinese goods.
Trump threatened that more levies could come — a point reiterated by U.S. Treasury Secretary Steven Mnuchin, who told CNBC the president “is perfectly happy” to increase tariffs on China if his expected meeting with Chinese President Xi Jinping doesn’t go well.
China says its May trade surplus was $41.65 billion, significantly more than expected
PUBLISHED 2 HOURS
said on Monday its overall trade surplus last month was $41.65 billion, significantly more than expected as the trade impasse between and drags on.
Economists polled by Reuters had expected China to post an overall trade surplus of $20.5 billion in May.
The country’s dollar-denominated exports for May inched up 1.1%, while imports fell 8.5%, according to data from China’s General Administration of Customs. The economists had forecast China’s dollar-denominated exports and imports to both fall 3.8% year-on-year.
The Chinese overall trade surplus in April was $13.8 billion, customs data showed, far below the projected $35 billion. That’s partly due to an unexpected rise of 4% in imports, and a surprise fall of 2.7% in exports for the month.
High-level negotiations between the and China stalled after President last month raised tariffs on $200 billion worth of Chinese goods.
Trump threatened that more levies could come — a point reiterated by U.S. Treasury Secretary Steven Mnuchin, who told CNBC the president “is perfectly happy” to increase tariffs on China if his expected meeting with Chinese President Xi Jinping doesn’t go well.
PikeCowboy
Junior Member
1989 -> USSR -> Gorbechev gave in -> Russia, Belarus, Ukraine now... not to mention all the -stans
1989 -> PRC -> DengXiaoPing -> TAM -> China now...
I truly believe that those who died in TAM believed in what they were fighting for and died for their ideals but ideals and good intentions only get you so far... TAM should be remembered as a tragedy in its purest sense, that those who fought and died, died for the wrong cause, at the time at least. The fact of the matter is, a democratic Russia won no favours from the west, but was rather quickly taken apart and eaten.
There is no shortage of similar examples, Arab springs, Syria, Iraq, Afghanistan, Egypt, Libya
1989 -> PRC -> DengXiaoPing -> TAM -> China now...
I truly believe that those who died in TAM believed in what they were fighting for and died for their ideals but ideals and good intentions only get you so far... TAM should be remembered as a tragedy in its purest sense, that those who fought and died, died for the wrong cause, at the time at least. The fact of the matter is, a democratic Russia won no favours from the west, but was rather quickly taken apart and eaten.
There is no shortage of similar examples, Arab springs, Syria, Iraq, Afghanistan, Egypt, Libya
Is begining to look like is Trump that's desperate for a deal, (although he keeps harping on about China is the desperate one).
Watching CNBC live telephone interview today with Trump. He keeps threatening tariffics if Xi doesn't turn up at G20. I ask you, does that not sound desperate or what.
Also, he keep deluding himself keep saying what a great relationship he and Xi have. I just wish one of his abvisors would let him know, Xi does not think the same!