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For posts about politics between countries.
The Yuan will never become the international currency
submitted 1 year ago by jet199 from vm.tiktok.com
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[–]MagicMike 3 insightful - 3 fun3 insightful - 2 fun4 insightful - 2 fun4 insightful - 3 fun - 1 year ago (4 children)
Trusting the Yuan as a store of wealth means trusting the CCP with your wealth.
[–]Alphix 4 insightful - 2 fun4 insightful - 1 fun5 insightful - 1 fun5 insightful - 2 fun - 1 year ago (0 children)
China has the worst debt-to-GDP number of any important nation.
[–]heretohelp 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 1 fun3 insightful - 2 fun - 1 year ago (1 child)
Yeah because trusting Jews like Sam Bankman Fried with our wealth has turned out so well.
[–]MagicMike 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 1 year ago (0 children)
Equating a scam artist with the CCP?
[–]pattis 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 1 year ago (0 children)
The Chinese Yuan, also known as the Renminbi, is the official currency of the People's Republic of China, and the government of China manages the currency's exchange rate using a managed float system. This means that the exchange rate is influenced by government interventions and policies, which can affect the value of the currency.
The Chinese Communist Party (CCP) has been in power in China since the country's founding in 1949, and their policies and actions have a significant impact on the country's economy and financial system. While the CCP has implemented various reforms in recent years to liberalize and modernize the financial sector, they
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[–]MagicMike 3 insightful - 3 fun3 insightful - 2 fun4 insightful - 2 fun4 insightful - 3 fun - (4 children)
[–]Alphix 4 insightful - 2 fun4 insightful - 1 fun5 insightful - 1 fun5 insightful - 2 fun - (0 children)
[–]heretohelp 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 1 fun3 insightful - 2 fun - (1 child)
[–]MagicMike 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (0 children)
[–]pattis 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (0 children)