worthless

 Lets be honest .....financially........ china is a crook on many levels......why do they need  to print a new currency .....because they are printing worthless  garbage  cash........ and  people are buying into like the  ass wipes  they are ......because a countries  prints paper.......  it does  not mean anything .....China cannot be trusted ....... on any level ....... especially money .........they are greedy ...... financially gredey......... they only care about money........ nothing else.........  it prevails their  existence........  and  even in funerals....... the dumb fuckers burn money ........so they can have cash in the  next life........there is no fucking wal mart in heaven you dumb bastards.. ......... no wal mart........ hell is here  ........yes we are lumbered  with the shite  you sell in wal mart.........  its  fucking terrible ......but families  storm wal mart for cheap shit  even on xmas  eve.........  the fucking loonies  swarm to wal mart......... to save on all sorts of  fucking garabage .......... you do not  need ........ rather..........  than stay  home with your  families........ on thanksgiving.......and xmas fighting like pirates of  barrels of  rum ..........you shpould be  with your  family  ...........but all you care about........... is a fucking cheap flat screen....... made by underage.......  underpaid ........ poor  kids....... in a country that abuses animals women and  kids .......... its okay for socks and underwear too ......howvere  my pioint is that china does not give a fuck about anyone or  anything .....just look at covid ......thats all you need to know  they do not  care ..........i am telling it like it  is  ....if it smells like fish .....its eithe fish or  really bad  fucking pussy ........



China needs to grow its US dollar reserves to boost the yuan's status as a global reserve currency and gain credibility, new study says

Dollar vs. Yuan
Dollar vs. YuanByoungJoo/Getty Images
  • A new research paper broke down how China can boost the standing of the yuan as a global reserve currency.

  • One way this can happen is if China builds credibility that the yuan and dollar have a stable conversion rate.

  • Dollar dominance on the world stage won't be going away, but the yuan can still gain status in international use, the authors said.

For China to boost the credibility and influence of the yuan as a global reserve currency, Beijing would have to cement its credibility by promising a stable dollar-conversion rate, according to a new paper from the Center for Economic Policy and Research.

While the yuan won't be overtaking the dollar as the world's primary reserve currency, it is still possible for China to drive more adoption of the yuan by accepting dollar payments for exports, among other strategies, according to the authors, who include economists Barry Eichengreen and Camille Macaire.

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"Despite China's still limited capital account openness, the share of RMB in reserves can increase if Chinese trade and RMB invoicing continue to increase," the authors wrote. The renminbi is another name for the yuan.

Nations that hold a trade deficit with China could still build their yuan reserves if Beijing pays for imports in yuan but also takes dollar payments for exports, according to the paper.

This, in addition to China's foreign direct investments, would allow other countries to help increase the volume of yuan in use.

However, China will have to work to gain more credibility with its currency on the dollar-dominated world stage. Beijing must ensure yuan reserves can be converted to dollars at a consistent rate — which means China will have to ramp up its dollar holdings for emergency interventions if necessary, the authors wrote.

As Western sanctions on Russia have revealed in recent months, other countries are subject to severe political and financial influence by the US due to the dollar's status. That may make it seem counterintuitive for China to increase dependence on the dollar.






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