Why China Wants To Dump the Dollar

Discussion in 'China' started by W.G.Ewald, Oct 19, 2013.

  1. W.G.Ewald

    W.G.Ewald Defence Professionals/ DFI member of 2 Defence Professionals

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    Articles: Why China Wants To Dump the Dollar
     
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  3. Abhijeet Dey

    Abhijeet Dey Regular Member

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    Good. China should dump $1 trillion US government bonds in India at free of cost. :troll:
     
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  4. amoy

    amoy Senior Member Senior Member

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    If Euro or JP Yen alike have failed to challenge USD as a "reserve currency" how will RMB succeed?
    The Grendel Report: Developing World - Euro Loses Attraction as Reserve Currency

    The US won't let go of USD dominance easily.

    Paying Foreign Debt

    Global Commodities Pricing
    Advantages for the Issuer
    http://www.ehow.com/info_10041317_advantages-reserve-currency.html
     
    Last edited: Oct 19, 2013
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  5. Ray

    Ray The Chairman Defence Professionals Moderator

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    Why is China is NOT putting its money where its mouth is?

    Why all this empty talk?

    Who is bothered what China says?

    But they sure love talking big now and then to show that they too exist!

    They must now change tack - ACT and Not Gas!
     
    Last edited: Oct 20, 2013
  6. ice berg

    ice berg Senior Member Senior Member

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    Now now you are showing your ignorance again on basic economics.
    Clifford Chance | New developments accelerate Renminbi internationalisation



    Some basic courses for you:
    https://www.coursera.org/course/renminbi
    This course will discuss various aspects of the Renminbi internationalization, including the reform of the international monetary system, the opportunities and challenges to internationalize the Renminbi, the evolution of China's monetary and exchange rate policies, and the implications of the Renminbi internationalization for Hong Kong.
     
  7. W.G.Ewald

    W.G.Ewald Defence Professionals/ DFI member of 2 Defence Professionals

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    Does one discover the fee for the course after hitting the Sign Up button?
     
  8. ice berg

    ice berg Senior Member Senior Member

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    Welcome to capitalisme.
     
  9. W.G.Ewald

    W.G.Ewald Defence Professionals/ DFI member of 2 Defence Professionals

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    I understand that, just want to know cost upfront before providing personal information.
     
  10. Compersion

    Compersion Senior Member Senior Member

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    Not sure if the PRC will go fast. Let me rephrase not sure if PRC will do much. In global financial context the demand for full liberalisation of yuan currency is from the west. The recent events in USA have provided more reasons for delaying and keeping the status quo of the yuan and not making it fully convertible (subject to unknowns and prior agreements). It really allows the PRC to blow some steam off from its over heated engine. "Why risk the economic fabric of the country and Chinese region and why don't you focus on your internal problems first" - the new response from PRC leaders. Having a fully convertible yuan currency and play by the rules is not on the menu and top issues for the west as well as international community now, Another quote from the report mentioned above:

    The current arrangement suits the PRC well enough. Strong currency control and concentrated deliverables to certain regions and financial centres. Don't expect see big changes for the next three to five years at least. Not before 2017. Nobody sees a trade war erupting anytime soon. Nobody sees a financial crisis happening. Nobody sees the US dollar peg in Hong Kong stretching. :scared1: people want to make money and people are making a lot of money in PRC, USA, Taiwan, Hong Kong, Australia, uk, European Union and Singapore. Peaceful (currency) rise of PRC is keeping many happy :thumb:
     
  11. W.G.Ewald

    W.G.Ewald Defence Professionals/ DFI member of 2 Defence Professionals

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  12. Ray

    Ray The Chairman Defence Professionals Moderator

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    I am also waiting to know if one get the details after hitting the Sign Up button.

    Hope the course is not a counterfeit since that is what sustains China.
     
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  13. W.G.Ewald

    W.G.Ewald Defence Professionals/ DFI member of 2 Defence Professionals

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  14. amoy

    amoy Senior Member Senior Member

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    my personal experience in Starbucks sucks. lots of bubbles but tastes so so.

    Why Is Starbucks So Expensive in China? - Matt Schiavenza - The Atlantic

    maybe just another McDonald / KFC fad that's to pass ?! People sooner or later will get bored by such junk foods/drinks and swap back to quality Oolong tea.

     
  15. W.G.Ewald

    W.G.Ewald Defence Professionals/ DFI member of 2 Defence Professionals

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  16. W.G.Ewald

    W.G.Ewald Defence Professionals/ DFI member of 2 Defence Professionals

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    ice berg has nothing to tell us about it?
     
  17. Ray

    Ray The Chairman Defence Professionals Moderator

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    He seems to have dumped himself!

    Just a feeling.

    Or gone for a briefing from the big boys.
     
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  18. ice berg

    ice berg Senior Member Senior Member

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    I thought grown ups are able to figure that out on their own, Obviously not.

    Say please, and I will help you. :p
     
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  19. Ray

    Ray The Chairman Defence Professionals Moderator

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    With a moniker like Iceberg, one thought the man with that moniker was frozen in all ways! :)
     
  20. ice berg

    ice berg Senior Member Senior Member

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    Maybe in need of Ray of light?
     
  21. Ray

    Ray The Chairman Defence Professionals Moderator

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    You will melt with even a ray from Ray!

    Sure would miss you out here then!
     

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