Renminbi (RMB)/Yuan Appreciation & Internationalization

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ansy1968

Brigadier
Registered Member
gelgoog said:
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.
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Correct!!!!

One of BRICS' newest additions has set an important mark, as both China and Iran have set a major oil record. Indeed, Iran has seen its oil exports reach a six-year high. Moreover, those exports have been massively boosted by sales to its new BRICS ally, China.1 day ago
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sunnymaxi

sunnymaxi

Major
Registered Member
tonyget said:
I'm 100% sure Chinese banks being timid，I’m also 100% sure Chinese banks aren't the way Russia and China can trade with each other. Do you understand how international trade works？If you don't，then don't argue.
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who are you ?? are you bigger than sergey lavrov ?? he is in top5 highest authorities in Russia ..

240 Billion USD worth trade currently in between Russia and China .. how is this even possible if Chinese financial institutes afraid to do this..

Russia and China have almost completely stopped using the dollar in their mutual trade, Foreign Minister Sergei Lavrov said in Moscow on Monday, according to Tass. More than 90% of settlements are carried out in the two countries' national currencies, Lavrov said

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just because a random Chinese internet video claim and you start bragging about Russia-China trade difficulties.. LMAO

i have already told you.. 90 percent information and news on Chinese internet are not accurate..

any statement from sergey lavrov has more authenticity than anyone else.
 
supercat

supercat

Major

China should bail on US bonds even faster, scholar says, as bilateral tensions and anxieties mount​

  • Though China is already unloading its holdings of US government bonds, a prominent scholar is suggesting it do so at a speedier clip
  • Risks associated with investment in Treasuries seen as too high to sustain as bilateral relations grow tense and chances of ‘weaponisation’ increase
Di Dongsheng, vice-dean of Renmin University’s School of International Studies, warned the enormous sums of Chinese assets and capital parked in the US could be “taken hostage” by Washington if Beijing were to step up the defence of its sovereignty and territorial integrity.
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China has started to financially decouple from the US already.
https://twitter.com/i/web/status/1786062539018678480
 
sunnymaxi

sunnymaxi

Major
Registered Member
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China's CIPS (SWIFT competitor) did CNY 123 trillion (~$17 trillion) in business volume in 2023..

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