supercat
Colonel
Sigh, here is what an Indian says about his own country:In a dialogue at the Chatham House. Ex-PM of Singapore, Lee Hsien Loong still wants India to join the RCEP. His reason is that India would eventually catch up, maybe even surpass China's economy because of the "demographic dividend".
Already the Indian media are lapping it up and celebrating. Typical Jai Hinds.
Dunno why LHL bought into the hype that India is gonna surpass China, and why does he want India to join the RCEP. India may have a large economy, but it's trade with SEA is insignificant. India spoils any multilateral organization it joins. RCEP had been moving along well without India in it.
One day, China will demand the trade of soybeans and rare earth to be conducted in RMB.
While headlines focused on China’s rare earth export restrictions, a much larger story slipped through: Beijing told BHP to stop buying iron ore in U.S. dollars. In this breakdown, Jay Martin explains why that quiet move toward renminbi payments could mark a historic shift away from dollar dominance.
I'm not surprised why China seems ok, agreeing to resume purchase some soybeans from US, delaying rare earth restrictions and so forth as those in my opinion in some ways are merely distractions to keep those morons busy without paying much attention on China's long term goal to end the USD as the world reserve currency in the most sneaky way possible.