Comments by "" (@zenon7094) on "China’s Nightmare Begins: Yuan May Devalue 50%, Trump Could Impose 60% Tariffs Next" video.

@kamsunleong6648 Among the ten currencies with the strongest purchasing power is the dollar, the pound and the euro...the yuan does not even make it into the top 20...and the de-dollarization you are talking about seems to only exist in your imagination...according to Deutsche Bank, over 55% of foreign exchange trading worldwide is conducted in dollars...in second place is the euro at 20- 25%...third place the Japanese yen with over 12%...and only then in 4th place comes the Chinese currency with less than 7%...three currencies of the G7 countries determine the world trade by far...and the yuan is not among them by a very large margin...you are welcome to build your fantasy castles in the sky...but that has nothing to do with reality
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@Urwrstnhtmare Yes...that is why a country makes agreements in the first place.
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@kamsunleong6648 According to SWIFT data, among the ten currencies with the most purchasing power is the dollar, the euro and the pound sterling...the Chinese yuan is not even mentioned in the TOP 20 list...and the Chinese are only dreaming from the de-dollarization...according to Deutsche Bank in 2023, the dollar's share of global foreign exchange is 88% of the world trade...the 2nd place belongs to the euro with 31%...3rd place belongs to the Japanese yen with 17%...4th place the British pound with 13%...and then, far behind, on 5th place the Chinese yuan with just 7%...all these castles in the air that you always build in the comment section are not based and reflected in reality.
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@theboringchannel2027 Fake goods are produced in every country? Äh...no...they are not...over 61% of global counterfeits come from China...and it is not without reason that the EU has imposed 35% tariffs on Chinese EV's...China also gladly accepts development aid that they are not actually entitled to...my country alone paid China almost 100 million euros in 2023...and last year alone, three Chinese nationals were arrested for conducting economic espionage for China...official figures from my country say that in 90% of all cases from industrial espionage, Chinese authorities were involved. So yes...there is a reason why China is increasingly isolated in the G7.
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@theboringchannel2027 Fake goods are produced in every country? Äh...no...they are not...over 60% of global counterfeit goods come from China. And just recently, the EU imposed a 35% tax on Chinese electric cars...this was preceded by a months-long-investigation into the unfair subsidy of Chinese manufacturers by the Chinese state. And in my country, Chinese entities are behind 90% of industrial espionage cases. There is a good reason why China is increasingly isolated in the G7.
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