supercat
Major
Leaving China in case there is a war over Taiwan? What does this even mean? To leave all the gold, money, and other assets in China?Where is Goldman Sachs?
China is not buying anything new from Boeing. They just want to put the Boeing 737 they bought previously back to service so they will not waste those.So much for the sentiment that PRC is going to be tough on Boeing after the latest weapon sales to Taiwan. It seems Boeing is using threat of re-marketing 737 max earmarked for China as good leverage.
Frankly, I doubt that moving highly polluting and energy-intense industries to the U.S. is a real win for the U.S. at this stage.
Furthermore, let's wait and see what will happen after Xi visits the Saudi Arabia in December. This visit may well shed some new light on the establishment of petroyuan.The strengthening of the USD puts all central banks in a corner and the PBOC arguably is in a lot better position than the central banks of other major countries due to a few factors. Since China has huge FX reserves, that gives the PBOC a fair number of options to sell and strengthen the renminbi if they deem it necessary. Also with low domestic inflation in China, a lowered yuan isn’t causing the same kind of social unrest over energy and food prices like what we’ve seen in the EU. Capital flight is an issue, but since nearly everyone else is doing poorly, overseas investment options are limited.
The high Federal reserve interest rates is arguably putting US exporters into a though spot as it becomes increasing difficult to have a strong currency and grow exports, especially when everyone else is losing purchasing power relative to the USD.
What a joke:
Xinjiang exports to EU more than double despite forced labour concerns
- Direct shipments from controversial Chinese region in August surged 136 per cent year on year to US$137 million, customs data shows
- High volume raises questions about effectiveness of planned EU ban on tainted goods following stinging UN human rights report
While Germany may have a -3.5% GDP growth and enter a recession next year, its investment in China set a new record since 2000, exceeding the previous record by about 15%.
So much for press freedom