are you willing to bet or not? fucking sick of your stupid shit.
Renminbi (RMB)/Yuan Appreciation & Internationalization
- Thread starter supercat
- Start date
Bet what？Because they can still trade via non-Chinese banks thus trade volume won't go to zero？Does that prove anything about Chinese banks？I don't think so
It only proves that Chinese banks have no ball
lmao so you admit the end effect on Russia is small. You think trade volume will even decline? I don't.
Power of Siberia and Russian oil isn't being paid through intermediaries either. So if Power of Siberia's flow is not 0, then that proves that Chinese state owned companies are making payments to Russian ones. Are they going to be using middlemen too?
Chinese state owned companies are making payments to Russian ones，through Russian bank.
So you admit Chinese banks have no ball，right？
There's only 1 branch of a state owned Russian bank in Shanghai that can't even process small business payments within months, from your own source.
How are they going to be paying billions RMB through it?
If they're using rubles, then it's being bought with RMB, because it sure as hell isn't with USD or EUR. That means some bank in China has to be handling the RMB payments. So whose handling the RMB to RUB conversion?
manqiangrexue
Brigadier
First of all, I find it very interesting that you have now repeatedly referred to the noun, "testacles" in the singular. Is that a habit from a personal defect or a remnant from your native tongue? Where are you from? Where, which I can only assume, has so much "balls" that the US is afraid of it, are you from?
Secondly, I admit only that you have no brain. China's economy and Chinese companies are the only things eating America's lunch and here you are jumping up and down like an angry child about what apparently is a single ball LOL. China does not approach the American challenge like North Korea; it does not meet the bull at the horns, however, it is the only matador that consistently gets the upper hand on the American bull. It will happen again, just watch.
Lastly, not only will trade not drop to zero, but trade between China and Russia will continue to grow. From the start of the conflict, I have heard Russians complaining they cannot get anything; saying that business with China is terrible with too many hoops to jump through and that Russia cannot make things as simple as gym cables so many Russian businesses are doomed to close. Now, Russia outperforms every Western European economy and trade with China flies further upwards every time the data is updated. So, I don't listen to these anecdotes. I wait for the next chart.
One would almost think those dam ruskies are deceiving the west
"I tell you Jason, i can hardly get stuff from the Chinese." Continues to produce record amount of products.
"I tell you Jason, i can hardly get stuff from the Chinese." Continues to produce record amount of products.
They will just do like what happened with Iran. They will make banks that trade with the Yuan and the banned country currencies and don't use any Western currencies and don't have a SWIFT connection.
What will also happen is that getting products sold in Western currencies will become more difficult. But this will mean Russia will buy even less manufactured products from the West. They don't buy that many as it is.
The Chinese government has no interest in letting the Russian economy collapse. And Russia right now has a similar trade volume with China compared to Germany. It is no longer true it is an insignificant trade partner like claimed in the article. Russia-China trade was $240 billion USD last year. Germany-China trade was $253.1 billion USD. Germany is like the 3rd largest trade partner that China has.
I wouldn't be surprised if Russia-China trade surpassed Germany-China trade this year. It might even surpass Japan-China trade over the next 4 years. Russia might become China's 2nd largest trade partner behind the US.
What will also happen is that getting products sold in Western currencies will become more difficult. But this will mean Russia will buy even less manufactured products from the West. They don't buy that many as it is.
The Chinese government has no interest in letting the Russian economy collapse. And Russia right now has a similar trade volume with China compared to Germany. It is no longer true it is an insignificant trade partner like claimed in the article. Russia-China trade was $240 billion USD last year. Germany-China trade was $253.1 billion USD. Germany is like the 3rd largest trade partner that China has.
I wouldn't be surprised if Russia-China trade surpassed Germany-China trade this year. It might even surpass Japan-China trade over the next 4 years. Russia might become China's 2nd largest trade partner behind the US.
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Stop running your mouth and take the bet.