China will trade with other countries in local currencies
I share my views about the next stage in de-dollarization, i.e. countries with trade with each other using their own currencies instead of the USD. Several oil producers already agreed to sell oil to China in Chinese yuan (CNY). They can keep the CNY and use them to buy products from China in CNY. If they have excess CNY, they...
The mammoth implications of the leakage of US highly classified information
This is like an story in the Ian Flemmings' James Bond adventure.That it could have happened in the highly powerful administraion of the USA is like a heavenly earth-shaking hoax to dement the people when they are just recovering breath after their nerves are rattled by China's Xi Jinping military manoeuvre over the Taiwan Straits...
Cooperation with France
During Macron's visit to China, China placed an order to buy Airbus planes worth CNY 137 billion. Payment was made in CNY and not USD. When France received the payment, they will keep CNY and use it to buy products from China. They can also invest the CNY in a Chinese bank to earn interest. There is no need for China to pay...
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