Miscellaneous News

Chevalier

Captain
Registered Member
I'm not agreed with this, letting rmb circulated outside china too much is not good. PBoC would have less control on currency. Rather focus on production and technology with goal of close to autarky.
Better bring flash iron making and gradually reduce import.
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Most institutions prefer to hold onto RMB with the expectation that it will rise in value against eh USD and in any case, they can use that RMB to buy products from the worlds factory: China.


i sincerely hope that after this trade war, this technology war, that western politicians, particularly Anglo politicians understand that the China bogeyman card is political suicide.
 

FriedButter

Brigadier
Registered Member
I'm not agreed with this, letting rmb circulated outside china too much is not good. PBoC would have less control on currency. Rather focus on production and technology with goal of close to autarky.
Better bring flash iron making and gradually reduce import.

I think this has less to do with currencies for the trade and more about Australia demanding China pay an +$15 premium per metric tonne above the spot price.

BHP insists on an annual pricing model anchored to the Platts Iron Ore Index while Chinese buyers want quarterly contracts priced more closely with spot levels, which are about $15 lower per metric tonne.

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plawolf

Lieutenant General
Yeah you've just reminded me of that "skull throne" dude. This is his latest tirade about rice.

He is calling half of the world "uncivilized" for eating rice. Including some of the US's close allies. Off course. To him civilization means: "Blood of the Blood God! Skulls for the Skull Throne!".

He is just salty because he knows his skull wouldn’t pass QC to be able to count as a real skull for a skull throne and get chucked on the rejects pile. Just like anyone would do with a watermelon like this.

IMG_2060.jpeg
 

resistance

Junior Member
Registered Member
Most institutions prefer to hold onto RMB with the expectation that it will rise in value against eh USD and in any case, they can use that RMB to buy products from the worlds factory: China.
Other currencies can also buy products, money primary purposes is to be a medium exchange of the whole nation. The currency values can't be fluctuate as it would directly harm people livelihood and industries which allowing too much RMB to circulate outside control decrease ability of pboc to made currency stable. Autarky should be the aim while allows international trade to continue.
 

iewgnem

Senior Member
Registered Member
Yeah you've just reminded me of that "skull throne" dude. This is his latest tirade about rice.

He is calling half of the world "uncivilized" for eating rice. Including some of the US's close allies. Off course. To him civilization means: "Blood of the Blood God! Skulls for the Skull Throne!".
This is actually a very interesting subject, because there's a pretty close correlation between high level of rice consumption in East Asia and high IQ in the region. Of course correlation doesn't imply causation, it could also be the use of Chinese derived logographic languages which induces greater ability to handle abstractions, or just good old race.

Conversely there also seem to be a correlation between American's consumption of large amount of GMO corn animal feed and low IQ.
 

In4ser

Junior Member
I'm not agreed with this, letting rmb circulated outside china too much is not good. PBoC would have less control on currency. Rather focus on production and technology with goal of close to autarky.
Better bring flash iron making and gradually reduce import.
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I remember hearing talk about having two currencies one for onshore RMB with capital controls and another for freely floated for offshore transactions. Maybe the plan is to use the HK dollar maybe rename it the Chinese dollar and keep the Chinese yuan for domestic use? I maybe off base here.
 

GZDRefugee

Junior Member
Registered Member
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Someone tell me why western techbros embrace the warlord label while Chinese techbros grovel at international regulators' feet, begging not to be labelled as such?

Just dangle the threat of going all-in on military drones over their heads like a Sword of Damocles.

Better yet, flood the international arms market and give discounts to whoever challenges western interests.


EDIT: Economic interdependence is cope. Stop pretending trade will prevent conflict. It won't. The US has decided China is the pacing threat. Europe follows US security policy. Accept the bifurcation, weaponize the dependencies you've created, and impose maximum costs on adversaries while you still can.
 
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