By Rhod Mackenzie According to Liu Lin, the deputy head of the investment department of the People’s Bank of China (PBOC), major issuers are trying to take advantage of the interest rate differential between China and the United States, and are therefore issuing and selling as many yuan bonds as possible, effectively increasing its weight […]
This week’s News on China. • Argentina will pay the IMF in yuans • Yuan overtakes the dollar in China’s bilateral trade • Floods in the north of the country • Cunchao, the rural soccer phenomenon
The People’s Bank of China is building a yuan reserve with five other nations in collaboration with the Bank for International Settlements. The countries China is teaming up are Indonesia, Malaysia, Hong Kong, Singapore, and Chile. Each of the countries will contribute 15 billion yuan — about $2.2 billion — to a Renminbi Liquidity Arrangement, China’s central bank said in[Read More...]
Beginning of the End For The Dollar? Chinese Launches Digital Yuan News Topic 106: Bitcoin: China Has Launched a Digital Yuan. And it Will Change Everything Bitcoin: China Has Launched a Digital Yuan. And it Will Change Everything When the dust settles, and China and the U.S. and its allies battle it out for control […]
On 25 January, during the first session of the virtual World Economic Forum (WEF), President Xi Jinping, in his address, stated clearly that China’s agenda was to move forward in the World of Great Change, with its renewed policy of multilateralism, aiming for a multi-polar world, where nations would be treated as equals. China will […]
The post China: Peacefully Forward into the Great Change first appeared on Dissident Voice.
In the context of China’s webinar on 14 December 2020, on the topic of “China’s New Development Paradigm and High-Quality Belt and Road Cooperation”, organized by the China Center for Contemporary World Studies, International Department of CPC Central Committee and the Chongyang Institute for Financial Studies, Renmin University of China, my presentation was on China’s […]
The post China’s Economy of Peace first appeared on Dissident Voice.
*****News Topic 142***** Chinese Yuan Rallies to 28 Month High on Prospect of Biden Win. Trump supporters fear Biden will be compromised by Communist dictatorship. Chinese Yuan Rallies to 28 Month High on Prospect of Biden Win The Chinese yuan has rallied to a 28-month high on the prospect of a Joe Biden win, exacerbating […]
Brussels (EU and European NATO Headquarters) – On 21 October 2020, the German Press Agency (dpa) reports that Germany pledges NATO soldiers for possible Covid-19 operations: German soldiers could be sent on crisis missions to other NATO and partner countries during the second wave of the Corona pandemic. As a spokesman for the Ministry of […]
The post “Democracy” vs. Covid: A No-Go first appeared on Dissident Voice.
Modern Monetary Theory (MMT) has become popularized by some of the liberal-left because it offers an explanation how to achieve full employment, national health insurance, free college education, and the Green New Deal without raising taxes. Political leaders like Alexandria Ocasio-Cortez and Bernie Sanders have espoused MMT. Economist Stephanie Kelton, a leading spokesperson of the theory, served as chief economic adviser to Sanders during his 2016 presidential campaign.
‘We’ll cut off the whole relationship’ –Trump threatened China in a recent Fox-Business interview, suggesting he may cut diplomatic relations with China and thereby saving US$ 500 billion. He didn’t say how, though.
