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Chinese Sparrows
China Observer
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Comments by "Chinese Sparrows" (@chinesesparrows) on "China’s Urgent Food Crisis: No One Farms, Farmland Gone, Frequent Disasters, High Import Reliance" video.
CN is living 50 years in the past, arent even self sufficient with food. Thanks to a corrupt party which polluted land, air and sea heavily, and treats farmers so badly. Party members with zero farming experience telling veteran farmers to do this or that per party leaders is laughable and has a sad history. Hint is my ID
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@tarstarkusz the US is a net exporter of food, also their farmlands have not been polluted with heavy metals and other health risks to the level of CC land brimming full of bribes.
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@KevinTsang-s8c no, I'm referring to cultural revolution, I've been there recently.
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@tarstarkusz you keep saying nonsense. To repeat, strong dollar makes importing cheaper because of strong dollar. The opposite is true for CN which is a net importer despite their currency being weak. Global trade generally value dollars more then yuan , check out exchange rate history of both
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@tarstarkusz that's because dollars make importing cheaper because of strong dollar. The opposite is true for CN which is a net importer despite their currency being weak meaning importing is expensive in CN.
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@tarstarkusz China has less than one billion due to official statistics ignoring/hiding (illegal) immigration away and covid deaths. Like many other CC statistics including GDP, their population count is also considered unreliable
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@tarstarkusz let's not forget it's 35 years since 六四天安門事件
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@tarstarkusz it's 35th year anniversary of 六四天安門事件
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@tarstarkusz us has mechanisms to reduce demand for dollars e.g. printing more. That's one of the reasons why yuan is weak, they printed so much it's worth has dropped. On the other hand most countries don't want yuan, CC can't strengthen yuan and is at risk of large trade drop if sanctions would occur
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@tarstarkusz yuan doesn't even have "artificial demand" per your words because no one trusts CC. it's a country where laws are made arbitrarily, enforced arbitrarily and even local citizens are blocked from withdrawing their own money from banks arbitrarily, currency exchange is limited etc. No wonder most companies dont contract on yuan denomination
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@tarstarkusz contracts denominated in yuan is rare. Bulk goods are traded on dollar denomination which they exchange to yuan. Consumer goods in e-commerce platforms accept whatever currency customer uses which is exchanged to yuan. There is very little international demand for yuan, and CC weakens it, and thus still imports food expensively lol
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@tarstarkusz it's to the point several companies from mainland reduce the amount of foreign currencies they convert to yuan because CC heavily limits converting yuan to other currency, and there's less good investment options in yuan. Even foreign businesses have had difficulty transferring their local yuan earnings to their home currency because CC blocks, this is unheard of in the US.
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@tarstarkusz businesses don't magically get paid in yuan they earn the foreign currency and convert some of that to yuan, or they are using a service that does that for them like alipay. Bulk orders are denominated not in yuan but other currencies. yuan is essentially "for internal use only" in actual usage because companies don't contract in yuan denomination
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@tarstarkusz CC artificially weakens yuan to artificially boost export, internationally businesses and governments don't trade in yuan denominated contracts due to low trust of CC, and CC is a net importer of food with artificially high prices. Hence CC is the issue.
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@tarstarkusz it's hilarious you say you aren't afraid but can't type the same characters I wrote 🤣 and use contextual words ROFL
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