China's gift for Geithner? China to block fund-flow with N.kroea?

Discussion in 'Politics & Society' started by badguy2000, Jun 4, 2009.

  1. badguy2000

    badguy2000 Respected Member Senior Member

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    well, acording to some buddies working for banks in China, Chinese center bank has notice in oral way all banks in China that all fund-flow under trade Item with the countries on the following list should be forbidden.

    However, the fund-flow settled with RMB is free from the blockage.

    С¥:¸ÇÌØÄɷûªµÄ³õ²½³É¹û£¬Çë¹ú¼ÊÕþÖδïÈËÇ°À´·ÖÎö£¬µÚ1Ò³- Î÷Î÷ºÓ

    the black list of fund-flow blockage:

    Balkan countries;

    N.korea;

    Burma;

    Belarus:

    Cuba:

    Iran;

    Iraq:

    Syria;

    Lebanon:

    Liberia;

    Somalia;

    Sudan

    Sierra Leone;

    Congo;


    The Ivory Coast
     
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  3. badguy2000

    badguy2000 Respected Member Senior Member

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    well, the black list is sent to all banks in CHina by Chinese center bank in oral way.

    the formal paper notice will be sent later.

    of course, the blockage is only limited to the fund-flow of Non-RMB under trade Item.

    it means that all trade between CHina and the countries on the list will be forbidden, unless those trade are settled with RMB.

    Geithner is visiting CHina.

    is the fishout of the black list a gife to Yankee,or a way to increase the settlement of RMB?
     
  4. LETHALFORCE

    LETHALFORCE Moderator Moderator

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    you have already given these regimes enough money and weapons now you can look like good guys by stopping. Bravo.
     
  5. badguy2000

    badguy2000 Respected Member Senior Member

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    well, it also may be a way to make those countries increase trade settled with RMB...I think.

    As we know, China has signed the agreement of currency-swap just now with many countries on the list.

    the forbid of non-RMB trade fund-low will make those countries give up USD and turn to RMB.:blum3:
     
  6. LETHALFORCE

    LETHALFORCE Moderator Moderator

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    this is a list of countries you are supporting and some still missing, from what you wrote it sounds like you will support them with RMB or Dollars to get around laws.
     
  7. badguy2000

    badguy2000 Respected Member Senior Member

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    well,
    1.if RMB trade fund-flow is still allowed , people of course can get around it easily by just converting RMB from USD.

    Of course ,the notice was sent to banks here in oral ways just now,so, we can not know the detail of the blockage ,until the formal paper notice is sent,

    :blum3:


    2.personly speaking, I find the list is very strange,because it includes not only those "rogues state" yankees dislike, but also some countries yankees like,such as Balkan countries.
     
  8. yang

    yang Regular Member

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    Yes, China has signed Currency Swap Agreement with several countries, that because China is a export oriented country to some extent ,and because of financial crisis,many countries especially the poor countries are suffering a lack of USD reserve, so China try to provide convenience to them, so their cost of trade cut down,and they can keep buying the products made in China,it is a win-win strategy,
     
  9. badguy2000

    badguy2000 Respected Member Senior Member

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    anyhow, the fishout of list is very strange,,espeically when Geithner is visiting china.:cray:
     
  10. yang

    yang Regular Member

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    I think the USD's dominant position in the capital market can't be challenged overnight, but now it is definite that people around the world start to doubt the value of USD. And On June 3th, the president of Russia announced that Russia support the viewpoint to create the Super-sovereign reserve currency when he was interviewed by CNBC. If we can replace the USD with a kind of SDR successfully, America may lose its crown.And America can get its stutus today thanks to the Bretton Woods System which determined the USD's dominant position. But it is just a view on paper, it is full of challenge.
     
  11. Daredevil

    Daredevil On Vacation! Administrator

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    China is doing no body any favor, it is doing itself a favor by reducing its exposure to US dollar which it already has enough and trying very hard to wriggle out of it. But, China is projecting this news as if it has stopped support to shady regimes by blocking trade in US dollars. Dishonesty of China at its best.
     
  12. badguy2000

    badguy2000 Respected Member Senior Member

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    you make me think that west people is used to pissing the kind help form others.:blum3:
     
  13. Daredevil

    Daredevil On Vacation! Administrator

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    Please write in a more coherent manner. I didn't get one thing of what you wrote.
     

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