does nothing
wins
Does nothing
t
A win would be the Yuan being at parity with the $. 1 yuan for 1$.
A stronger yuan is bad news for the CCP. They artificially keep their currency low for a reason.
you want this chart to go low
common mistake.
win for whom?
they MUST devalue by 20-40%, any minute now
Trips of truth
It's not bad for the chinese people. China is going to have to devalue now to remain competitive. That means every bug in the hive is going to get suddenly poorer. This makes the CCP very anxious.
china literally Could NOT give a FUCK if all of chinas bing bing wahoo factories vanish tomorrow. he's repeatedly and brutally banned entire industries withh a click of his fingers. his only interest is in the continuing strength of the CCP. trump putting tariffs on companies selling plastic shit to americans doesnt even register in Xi's mind as something worth caring about
The US. That would destroy chinese exports
What if China devalues to compensate for the tariffs, chinks get poorer, but their low wages offest everything and they keep up the same exports to the US as now? Who wins then? Seems like the US still wins, since all the money made from tariffs is taken out of the wages of chink factory workers yeah?
chinas economy doesnt run on exporting to america. export is only 30% of chinas economy, and trade with the US is 30% of that and the tarrifs will result in a 30% reduction in that trade. 30% of 30% of 30% of 100% is 3.5% which is bugger all. they can easily find something else to keep their bugman hordes occupied.
Lol so not everyone is a low iq nigger
Just baiting
lol
chinas economy doesnt run on exporting to america.
that's EXACTLY what it runs on silly shitskin, LMFAO!
You can't answer the question because of low asian verbal IQ.
I'm baiting too but in a different way
Clearly it does since they had to do stock buybacks for all of their companies on their index. They've spent about $700 million dollar over the last few days on it.
What is the reason?
Seems to be working out for the Swiss.
Same with bitcoin.
yuan will be worth nothing. China is doomed!
yuan goes up
actually a stronger yuan is bad for china
Really niggers?
nope. But they are exporting to the entire world.
7 billion people, only 200 million in jewsa. You do the math. Economy of scale is king and the world isn't puting tariffs on china, just jewsa.
Thinks hovel peasants have money
Yeah you go ship to Argentina and see how well you wind up.
China can just deflaction to lower prices of things. They have total control of prices and currency in their country
That's hardly any change especially compared to the Biden era.
tariffs are paid by the (american) importer, not by china, nor by its companies
It has trade offs. One being investors don't flock to them so their economy can be shattered easily if the government doesn't step in.
Thinks China is the only place in the world to buy things
Oh my sweet summer child.
$700 million
Surely you mean 700 BILLION?
700 million is fucking nothing.
America is where all the money is. BYD will do great selling EVs in Africa though lmao.
And that will make chinks much poorer and more angry. But it is their only out I agree.
Not if china devalues to compensate :)
It's probably more. Point is it doesn't last.
hes pulling numbers out of his fat mutt ass
Yeah, guess why the chinese invest in infrastructure instead of stocks. The chinese stock market is just a facade, the ccp owns 60% of the stocks being "traded".
you do realise chatgpt just hallucinates whatever it thinks you want to hear in a plausible way dont you?
jesus christ these shartmericans are fucking retarded beyond anything that drugs could fix
Their market dropped so hard they paused trading for a day. Spent likely $700 million to well over a billions dollars to mitigate. Clearly it's fake but the damage they took is real.
Mk so I better take some monkey from a 3rd world country as a more legit source. I argue with it about the Holocaust all the time you dumb nigger.
They have total control of prices and currency in their country
Yeah and they'll manipulate themselves out of this.
Kinda interesting both Xi and Trump wield so much power over the economy but one's a "communist" and the other the poster child for "libertarians".
didn't pay attention in economics
Why do we buy chinese products?
because they're cheap.
But what does cheap mean? American workers are paid in USD and Chinese workers are paid in Yuan. There has to be a way to bridge the two currencies, and we do that with foreign exchange services.
If the Yuan is weaker than the USD, then Chinese labor is cheaper than American labor. People will buy the Yuan for the cheap Chinese labor. Naturally the demand for the Yuan will increase it's value until it's no longer weak or too strong to the USD. People will stop buying the Yuan and buy the USD for the now cheap American labor.
Since the Chinese economy relies on exports and cheap labor. It will devastate the Chinese economy if the Yuan becomes stronger. That is why the Yuan is pegged to the USD, to maintain it's cheapness.
It's simple arithmetic, really.
735 Chinese dollars vs 1 US dollar
China obv winning?
3% of GDP
It's not 2005 anymore
made up numbers are fun
Numbers go up is only good on the US side, in anyone else side, it's le bad
The process of devaluing the Yuan provides extra funds, and is very easy to be done.
Exports to the US are 3% of China's GDP, tho.
The Yuan is artificially pegged 7 to 1 with the USD and the whole point of all of this is that we want to value their currency higher not lower.
A fixed exchange rate makes trade easier.
There are no downsides.
but 7 to 1
It's just a number, the ratio doesn't matter one bit only that it's fixed.
If you really want foreign stuff to become more expensive you should end the petrodollar - start trading oil and gas in euro's and the US dollar will become worthless in no time and you can slave away in factories all day long.
If you really want foreign stuff to become more expensive you should end the petrodollar - start trading oil and gas in euro's and the US dollar will become worthless in no time and you can slave away in factories all day long.
Just as Saddam tried.
That 3% caused your shithole economy to crash 20%.
Thinks hovel peasants have money
You think China is selling Rolls Royce's and 50k Gold watches?
It sells exactly what poors buy, whether it be in Argentina or American shartmarts.
Of course now they are lining up to compete with Airbus, now that Boeing has basically capitulated the world passenger plane market to Airbus through incompetence.
Yeah it's dumb.
Although public traded companies are a tiny fraction of the Chinese economy and those few companies are very much aimed at export else they would just be state owned.
There are no downsides
How about massive poverty in China? China is fucked no matter which way you put it. Devalue the currency more, the currency is worthless. Monopoly bucks would be worth more. Raise the currency and that raises the costs of products because their peasants would want more money. That would devastate the economy. Don’t pay the peasants? Another revolution on their hands and they make not make it through this time. China is gonna be third world again, for not playing fair.
+90% of all Chinese are rich enough to buy property, I wonder how much richer Americans must be.
Bro markets aren't the real economy, case in point, Chinese market essentially being flat long term despite prosperity increasing massively year over year, and American stock market essentially reaching new ATH every other day despite the economy reaching a new low point every other day for 50 years.
The numbers written on the bank notes don't matter at all.
What does matter is inflation, which is same in China as in America thanks to the currency pegging and lower than most countries.