China doesn't care about if foreign companies send their money out of China as long as they paid the taxes.
Chinese Economics Thread
- Thread starter Norfolk
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A strategy like that is impossible because the world has changed.
The United States still entertain these grandiose ideas about the containment of China. The Europeans obviously do not.
The basis for European Union dealings with China is still based on the win-win principle, straight out of business school.
The signing of the CAI was Europe turning its back to America. Reading the statement from the recently concluded G7 meeting, the lack of initiative on the China issue in the G7 shows there is a complete break there inside that group.
The western alliances still exists, such NATO.
But those western alliances will not try to contain China, because everyone other than America is not really interested.
America will confront China to contain it.
Europe will confront China in order to obtain the win-win.
All we are left with is America going at it alone, such as the Trump years. Whether President Trump was successful in containing China, the facts speak for themselves.
And that is the problem. The facts here can be rather complicated, which means they are not understood by the Liberal media, or the facts are being deliberately distorted, or the facts are manipulated.
I always trust the decisions the Chinese government makes, but this sounds like an awful idea. It will also make it more easy for corrupt billionaires and officials to move their money to foreign countries, etc.
There’s an annual limit of 50K USD per person. Very much useless for billionaires. This is definitely on the right path. Chinese savers have legitimate interests in diversifying their portfolios. This may even reduce the rationale for middle class to emigrate.
Shit man, with the increase interest in Chinese bonds and equities, this might be the best chance of tanking the dollar.
At this rate, either US raises its interest rates and get the rest of the world back into buying US bonds, or have a real revenue crunch on its hands. Either way, inflation is going to here real soon.
As an American, it is looking fucking bleak as shit.
Im hoping China integrates its digital blockchain eYuan into its weChat and TikTok apps. Im using America cashapp and already in this app I can buy and sell bitcoins, stocks, commodities... No reason why China cannot make it so anyone in the world can hedge or diversify by investing in eYuan...
The technology exists that we dont need a global reserve currency anymore esp. one that squeezes harder and harder the hegmon taxation/usury rates
Eventually each nation should have their own blockchain digital currency and settlements between nations done on a federated metablock chain.... a true decentralized monetary financial system where no nation can unilaterally weaponize their currency to sanction, coerce, crash the economy of other nations
This is why Huawei and TikTok are being persecuted..
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Sounds interesting.
Anyhow, if the dollar tanks, then probability of the military confrontation degrades as well, since wars cost $$$.
You must differentiate between 'eCurrency' and 'eWallet'. Phone apps are 'eWallets'.
Digital Yuan does NOT use blockchain technology.
This is what the Europeans are scared of.
Neither Biden nor Trump have ever been in charge, the real question is why their CIA handlers want to give the world the percieption of infighting