Comments by "D W" (@DW-op7ly) on "Inside China Business"
channel.
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@verypleasantguy thanks for your opinion these are the facts
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Beyond as bridges: The role of the Chinese voluntary associations in Chinese outward foreign direct investment in Southeast Asia
Conclusion
This study focuses on the key research question of how CVAs organised and promoted by ethnic Chinese in host countries play a role in Chinese MNEs' OFDI in Southeast Asia. We address this question by adopting qualitative and comparative approaches to analyse the intermediary role of ethnic Chinese and CVAs involved in the OFDI process of Chinese MNEs and how their actions and interactions influence MNEs' local embeddedness.
First, from the perspective of ‘global–local’ interactions, we analyse the role of CVAs in promoting the globalisation and localisation of Chinese MNEs. On the one hand, Chinese MNEs can effectively obtain global resources and information through the global contact network formed by institutionalised links between CVAs and their close communications and interactions, such as the periodic global/regional association conferences. On the other hand, Chinese MNEs can successfully realise local embeddedness through CVAs' bidirectional facilitative capacity formed by their long-term cultivation in the locality. The essential role of CVAs serving as a ‘bridge’ that connects the host country and China has been emphasised, which promotes mutual understanding and Chinese MNEs' local embeddedness. Second, considering the different types of CVAs, we unravel their different roles in promoting/hindering Chinese MNEs' OFDI. Comparatively speaking, the government-cooperative/sponsored CVAs and the privately-organised CVAs have their own advantages and disadvantages in shaping Chinese OFDI, while the ‘new’ CVAs generally play a more significant role in the process of Chinese MNEs' OFDI.
This paper has demonstrated how Chinese MNEs' OFDI can achieve a ‘win-win’ outcome through interaction with CVAs and ethnic Chinese by focusing on cooperation cases. Moreover, we highlight how recent changes in the leadership, economic orientation, and activities of CVAs point towards a trend of closer ties with China (Liu, 2023).
onlinelibrarywiley
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Why would you think the Chinese are looking to be trading in Gold?
they are buying Gold not to trade… but to stockpile at this point in time
Instead of buying US Sovereign Debt
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China’s Gold Reserves Unveiled: Investigating Claims of Secret Hoarding and the Alleged Discrepancy
JANUARY 9, 2024
Based on these calculations, Frisby estimates that China has at around 33,000 tons of gold, with at least half being state-owned. That state-owned portion (16,500 tons) is double what the U.S. holds.
If China admits to the U.S., “We got twice as much gold as you,’ that’s tantamount to a declaration of war,” according to Frisby. The yuan would become more valuable, gold would become more valuable, and China would become the leader of both of these assets.
OxfordGoldGroup
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China has an 820 billion dollar trade surplus with the world the vast majority of that would be in USDs
I think they are doing just fine with limiting their dollar/debt exposure
👇
China’s Gold Reserves Unveiled: Investigating Claims of Secret Hoarding and the Alleged Discrepancy
JANUARY 9, 2024
Based on these calculations, Frisby estimates that China has at around 33,000 tons of gold, with at least half being state-owned. That state-owned portion (16,500 tons) is double what the U.S. holds.
If China admits to the U.S., “We got twice as much gold as you,’ that’s tantamount to a declaration of war,” according to Frisby. The yuan would become more valuable, gold would become more valuable, and China would become the leader of both of these assets.
OxfordGoldGroup
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