Is it too late to start getting in the rmb boat now ?
Mine is mostly in USD and SGD.
USD to rmb is around 6.99
Chinese Economics Thread
- Thread starter Norfolk
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Is it too late to start getting in the rmb boat now ?
Mine is mostly in USD and SGD.
USD to rmb is around 6.99
. Probably best bet in US is to buy China ETFs.
Not trump. This is bipartisan. Long time coming. They are reacting to the Made in China 2025.
To be fair, one can't just assume that competitor countries will sit idly when you overtly publish something like Made in China 2025.
Similar convulsions were made /are made when Germany, US, France, Japan, South Korea etc announces their own Industrial Policy outlines and vision. China happens to be not a client state so that's what the problem boils down to.
Why is "Made in India" not a threat ?
Get out of the dollar and get into gold and silver.
Probably because most people don't expect it to work. China on the other hand has the potential to succeed.
Because India isn't China. India can be / has already been contained effectively.
Geopolitics -
Diego Garcia is India's version of Guam operated by US.
Pakistan has never been dropped completely by US and Pakistan is something bigger threat than Japan/Vietnam is to China.
Sri Lanka is the Taiwan of India (although India has never tried to invade it, it had made some backstage attempts overtly).
Economically -
India is a resource poor country. It doesn't have enoigh
Well, this is happening quicker than I anticipated. Before covid 19, the consences was around 2030 when will China surpass USA in GDP term (in PPP term China already the largest economy). However, this new forecast from world economic forum suggest it is less than 4 years time.
It looks like Covid 19 has speeded up the el passo date. As USA looks like to contract by as much as 10% and China maintain growth this year. With the new base line carried over to future years.
China could overtake the US as the world’s largest economy by 2024
Rest of the article with a great graph.
It looks like Covid 19 has speeded up the el passo date. As USA looks like to contract by as much as 10% and China maintain growth this year. With the new base line carried over to future years.
China could overtake the US as the world’s largest economy by 2024
Rest of the article with a great graph.