China may put an end to the reign of the petrodollar

Discussion in 'China' started by LETHALFORCE, Apr 1, 2018.

  1. scatterStorm

    scatterStorm Regular Member

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    Ok I went a little overboard with the parity one, you are right, my bad, I saw the model again, I forgot the time-horizon, yes not happening very soon, but I am certain though, that with the speed and momentum the $ against Yuan is going, we might see the next big dip at the end of 2019 or during first financial quarter of 2020.

    [​IMG]
     
  2. badguy2000

    badguy2000 Respected Member Senior Member

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    there is no is such "dictatorship" co~ruled by "7 key individuals".

    one dictator itself is the antonym to "7 key individuals".

    when rome was ruled by two "key indivduals"(praetorians),rome was called "republic"

    so, technically,you can have either "a dictator" or "7 key individuals" ,but you can not have a dictator and "7 key individuals" at the same time.


     
    Last edited: Apr 3, 2018
  3. no smoking

    no smoking Senior Member Senior Member

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    Please tell me in which of the articles saying that Chinese requires yuan EXCLUSIVELY?
    Chinese won't and CAN'T reject other foreign currency payment with these trading partners.
     
  4. amoy

    amoy Senior Member Senior Member

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    What will China pay for LNG or crude, DOLLOR or YUAN? I'm all for a further integration / mutual dependence for the two TOP economies!


    U.S. Commerce Secretary to China: Import more U.S. gas to cut trade gap


     
  5. LETHALFORCE

    LETHALFORCE Moderator Moderator

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  6. amoy

    amoy Senior Member Senior Member

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    the latest twist in a dramatic turn of events
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    China tariffs on US oil would disrupt $1 billion monthly business

    Singapore: China’s threat to impose duties on US oil imports will hit a business that has soared in the last two years, and which is now worth almost $1 billion (Dh3.67 billion) per month.

    In an escalating spat over the United States’ trade deficit with most of its major trading partners, including China, US President Donald Trump said last week he was pushing ahead with hefty tariffs on $50 billion of Chinese imports, starting on July 6.
    [​IMG]

    China said on Friday it would retaliate by slapping duties on several American commodities, including oil.

    Investors expect the spat to come at the expense of US oil firms, pulling down the share prices of ExxonMobil and Chevron by 1 to 2 per cent since Friday, while US crude oil prices fell by around 5 per cent.

    “This escalation of the trade war is dangerous for oil prices,” said Stephen Innes, head of trading for Asia/Pacific at futures brokerage OANDA in Singapore.
     
  7. amoy

    amoy Senior Member Senior Member

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  8. LETHALFORCE

    LETHALFORCE Moderator Moderator

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  9. LETHALFORCE

    LETHALFORCE Moderator Moderator

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