Chinese Economics Thread

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BlackWindMnt

Captain
Registered Member
In the current state of the world economy and connectivity, you can't stop someone from becoming a billionaire. The scale and reachability of tech makes billionaires a fact of life.

W20 said:
"And there you have it: the Keynesian wet dream to boost the velocity of money finally comes true"

E x a c t l y
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Makes creating incentive/coupons extremely easy, give everybody like a €10 allowance for like 3 months to jump start the hospitality sector after the lock downs. The incentive/coupon will just expire after like 6 months, the internet is full of those coupon sites.

I don't get why people are so scared about it. Until its proven that my income and savings expire after a while, but if it does I'm pretty sure the Chinese government will see a regime change really fast. Nothing gets people more riled up then seeing their savings evaporate.
 
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W20

Junior Member
Registered Member
Yes

we are living so many "historical moments" that we are going to exhaust this expression

it's incredible, this movie (2020-2030/49)
 
quantumlight

quantumlight

Junior Member
Registered Member
W20 said:
The idea is to have a tool to balance fluctuations in international demand with national demand

But this is 'only' one aspect

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ZeroHedge was actually pretty fair in this article...

China intends for all BRI nations, and even African nations, to use DCEP to trade amongst themselves internally..

Its also an instrument to help China push dual circ in prep for full decoupling with USA.

Ive said time and again, in the Post Peak Oil world, China cannot keep making real goods for USA and accepting monopoly money in return... the day of wrecking for America is close now

If this bears fruit its game over for the USA

Bitcoin is about to go the way of MySpace
 
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voyager1

Captain
Registered Member
quantumlight said:
ZeroHedge was actually pretty fair in this article...

China intends for all BRI nations, and even African nations, to use DCEP to trade amongst themselves internally..

Its also an instrument to help China push dual circ in prep for full decoupling with USA.

Ive said time and again, in the Post Peak Oil world, China cannot keep making real goods for USA and accepting monopoly money in return... the day of wrecking for America is close now

If this bears fruit its game over for the USA

Bitcoin is about to go the way of MySpace
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Yep. US Dollar is toilet paper money as far as China is concerned. The US has sanctioned it from buying advanced companies or tech and placed export restrictions for goods on China. So why should China continue to take dollars as payment when it cant buy what it truly needs from the US.
 
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BlackWindMnt

Captain
Registered Member
Is capital flight still a big problem these days in China I see it being mentioned by a lot of articles the last 2 decades. As if each Chinese citizen is just waiting to convert their yuan into dollars and get out of China. While if you look at 2020 it seems like everybody outside of China is trying to convert their dollars into Yuan and invest into the Chinese market.
 
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voyager1

Captain
Registered Member
BlackWindMnt said:
Is capital flight still a big problem these days in China I see it being mentioned by a lot of articles the last 2 decades. As if each Chinese citizen is just waiting to convert their yuan into dollars and get out of China. While if you look at 2020 it seems like everybody outside of China is trying to convert their dollars into Yuan and invest into the Chinese market.
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Yes it is still a big problem. Can you imagine what these Chinese Billionaires would do if capital controls were stopped and then they could move their money to their fantasy country the US where they can corrupt and have more power than China?

Most of the Billionaire are not patriots and they would move their money out of China in a heartbeat if they could gain power in these countries because China doesn't allow them to corrupt the Gov

IMO, capital controls will stop when Digital Yuan becomes reality and China has made agreements with countries to exchange transaction data
 
escobar

escobar

Brigadier
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American officials are less worried about an immediate challenge to the current structure of the global financial system, but are eager to understand how the digital yuan will be distributed, and whether it could also be used to work around U.S. sanctions, the people said on the condition of anonymity.
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China’s financial system is too “fragile and weak” to pose a real threat to the dollar’s status as the world’s reserve currency, according to Mark Sobel, U.S. chairman for the Official Monetary and Financial Institutions Forum.

“At the end of the the day the markets have more confidence in the Fed” than China’s central bank, said Sobel, a former senior U.S. Treasury official for international matters.
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