Discussion in 'China' started by W.G.Ewald, Oct 19, 2013.
Articles: Why China Wants To Dump the Dollar
Good. China should dump $1 trillion US government bonds in India at free of cost.
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
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!
Now now you are showing your ignorance again on basic economics.
Clifford Chance | New developments accelerate Renminbi internationalisation
Some basic courses for you:
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.
Does one discover the fee for the course after hitting the Sign Up button?
Welcome to capitalisme.
I understand that, just want to know cost upfront before providing personal information.
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. 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:
Starbucks Is Criticized by Chinese State Media for Higher Prices - WSJ.com
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.
Starbucks says margins in China no higher than the U.S. - Oct. 22, 2013
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.
Better coffee here:
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ice berg has nothing to tell us about it?
He seems to have dumped himself!
Just a feeling.
Or gone for a briefing from the big boys.
I thought grown ups are able to figure that out on their own, Obviously not.
Say please, and I will help you.
With a moniker like Iceberg, one thought the man with that moniker was frozen in all ways!
Maybe in need of Ray of light?
You will melt with even a ray from Ray!
Sure would miss you out here then!
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