Countries that have friendly relations with Russia are demanding that the European Union abandon any idea it may have of a cumulative seizure of Moscow’s state assets and oppose US plans that have already seized some $6 billion worth of assets. Representatives of China, Saudi Arabia and Indonesia, among others, have been lobbying the EU …
Tag: China
FED – ECB: Inflationary landmine with interest rate cuts – Trump victory in the US is the key scenario
The Bureau of Labor Statistics (BLS) argued that a pick-up in rent inflation—the index rose unexpectedly sharply in January’s CPI—was due to a shift in the data series that could either mean that the change was a structural shift in values or indeed an error which could be fixed at a later stage. Conclusion; No …
How is China taught to discard Western sanctions?
Russia’s success in dealing with Western sanctions through de-dollarization and supporting trading partners in Asia may be a valuable lesson for China as pressure to “de-risk” (the policy of the West to diversify supply chains so that it is not dependent on Chinese exports that shaped the so-called trend of de-globalization). Russia has provided many …
The number of countries replacing the dollar in their international transactions is increasing rapidly
De-dollarization is a historical process that seeks to end US hegemony in global trade and financial transactions by shifting to alternative methods of transactions, such as national currencies and regional payment systems. 1/3 of UN member states have already opted for de-dollarization and decided to rely on national currencies to make payments. Representatives of at …
Russia has abandoned the dollar and is increasing its foreign exchange reserves in yuan
In a state of war economy, Russia has survived and is victorious in a currency war that was declared against it by the West. Urals oil exports in local currencies, mainly with China and India, as well as the failure of sanctions on Russian energy goods boosted the country’s foreign exchange reserves and prevented the …
CIPS: Why are the Chinese happy with the decisions of the EU and the US?
The decision to exclude some Russian banks from the international SWIFT payment system has caused great concern in the global financial system, as its effects are expected to be significant in a number of sectors of the economy. However, in this climate of instability and uncertainty, which is reflected in nervous liquidations in the markets, …
Why China Has a Difficulty Getting Rid of Coal
2020 was a milestone in increasing energy production in China. China has commissioned new lignite plants that produce a total of about 38.4GW of electricity. China is the country that builds factories to increase the use of lignite for electricity generation while at the same time as a country invests most of the capital in …
Evergrande Group: Will Destroy China?
Evergrande Real Estate Group or Evergrande Group, a real estate giant with 200,000 employees and 3.8m jobs indirectly dependent on its operations and with debts more than $300 billion, forced Fitch to downgrade the company to the CC investment grade it shows high probability default. Moody’s did the same the day before. The company is …
China’s Labour shortage continues to rise
In addition to the rapidly aging percentage of the Chinese population, China is facing a growing labor shortage even for unskilled jobs. This twin problems will slowly and steadily, if continued, create a deficit in China’s social security and pension fund revenues and as the need for pensions and old-age services increases exponentially. The period …
Will the Reform of a Company’s Listing Criteria Give Healthier Stock Markets to China?
U.S. President Donald Trump issued an executive order last November (2020) banning American investment firms from investing funds in Chinese companies located on the New York Stock Exchange (NYSE) and working with the People’s Liberation Army (PLA), forced on December 31, the NYSE to announce that it would remove (delist) the Chinese companies China Telecom, …