Chinese Economics Thread

[theorlonator]

Does anyone have thoughts on the threat of financial sanctions on Chinese banks? Is it a nothingburger because they're small banks that'll shrug it off because those banks are meant to be not connected to the financial system?

 

[coolgod]

Does anyone have thoughts on the threat of financial sanctions on Chinese banks? Is it a nothingburger because they're small banks that'll shrug it off because those banks are meant to be not connected to the financial system?

Guess why that threat was quickly retracted within 24hrs. Wall street doesn't like people accelerating dedollarization. Besides China already has dedicated banks just for US sanctioned countries. Kunlun bank for example.

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The US ruling class got so scared, they had to send in Yellen to deny the "rumors".

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[phrozenflame]

Does anyone have thoughts on the threat of financial sanctions on Chinese banks? Is it a nothingburger because they're small banks that'll shrug it off because those banks are meant to be not connected to the financial system?

They'll just shift Russian transactions to small regional banks who hardly operate with dollars. So even if the sanctions come later, nothing really will happen, just extra work hour for some people.

 

[theorlonator]

They'll just shift Russian transactions to small regional banks who hardly operate with dollars. So even if the sanctions come later, nothing really will happen, just extra work hour for some people.

Yeah that's what I meant, these threats just sound like nothingburgers because of the existence of places like Kunlun.

 

[escobar]

Saudi Aramco will keep increasing its investments in China, with the world’s biggest oil producer already holding stakes in four Chinese companies and currently in talks with several others.

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[supercat]

I think the subsidies should be available for purchasing NEV only.

Consumers who replace their cars with electric or hybrid vehicles can in some cases receive government subsidies of up to 10,000 yuan ($1,381) through the end of this year, China’s Ministry of Commerce and other departments said in a joint statement Friday. People trading in older cars for traditional cars with engines sizes of 2.0 liters and below are eligible for CNY7,000.

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