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HereToSeePics

Just Hatched
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Strangelove said:
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Yuan internationalization gains pace amid geopolitical tensions as Rusal issues bonds

Global de-dollarization push continues to gain pace: expert

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Published: Aug 03, 2022 10:27 PM


RMB Photo:VCG

RMB Photo:VCG

More countries are poised to pivot to the yuan, arguably the most preferred non-Western currency for the developing world, Chinese experts said on Wednesday, amid a global push toward de-dollarization that began in 2021.

The yuan's relatively stable exchange rate and market anticipation of gradual appreciation has ensured its popularity among many developing countries, especially after the Russia-Ukraine conflict began in February.

The latest example of the yuan's growing foothold abroad is the issuance of 4 billion yuan ($590 million) worth of yuan-denominated bonds in the Russian market by Rusal, a Russian aluminum company, with the issuance completed on Wednesday.

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Given China's massive purchasing power for commodities, I'm surprised they haven't started demanding producers from "unfriendly" countries accept Renminbi for purchases of coal/iron ore/bauxite/etc. Heck, they don't even need to demand, just offer a 0.1% premium(relative to local currency) for CNY payments or demand a 0.1% discount for USD ....
 
M

montyp165

Senior Member
bettydice said:
Recession doesn't and can't ever stop their hostility toward China. They are hegemonic. They have already secured large land, population, technology and weapons. They are not going to give up their global hegemony in exchange for short-sighted easy economic gains from China. There are economic and other sacrifices and costs you need to accept if you intend to seize power and they understand that well. I insist economy doesn't matter in hegemony war. You only need to win the war at whatever cost.
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It's why I've always said that defeating the US and its vassals was far more important than even a Chinese or Russian victory, because as long as the incumbent hegemon remains in place the demands never stop no matter the concessions or guarantees given. Monopoly uber alles is the hegemon's modus operandi after all.
 
luosifen

luosifen

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2022-08-04 09:55:05Xinhua Editor : Li Yan
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An earthquake with a preliminary magnitude of 5.6 struck off the coast of Fukushima Prefecture in northeast Japan on Thursday, the weather agency here said, although no tsunami warning has been issued.
According to the Japan Meteorological Agency (JMA), the temblor, which occurred at 9:48 a.m. local time, was centered offshore with its epicenter at a latitude of 37.6 degrees north and a longitude of 141.7 degrees east.
The agency also said the quake occurred at a depth of 60 km.
The earthquake logged 4 on the Japanese seismic intensity scale which peaks at 7 in areas of Fukushima Prefecture and 3 in some neighboring prefectures.
There have been no immediate reports of major damage or injuries as a result of the quake.
Japan's nuclear watchdog has not reported any abnormalities at Fukushima's stricken Daiichi nuclear power plant.
 
BlackWindMnt

BlackWindMnt

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SteelBird said:
Another flash point of armed conflict. This time it is Armenia vs Azerbaijan. Again, drones take an important roles in the attacks. Looks like Russia really need to buy some armed drones from China. Where are the Wingloong and Caihong when you need them?
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Haha Chinese drone sales person reappears :p

Armenia is so fucked it doesn't have capable anti drone tools as far as i know.
 
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getready

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