[webinarian]

History shows it is extremely unwise to associate closely with countries like Argentina, Venezuela etc that has no fiscal discipline and economies have collapsed.

China has put itself in a weakened position tying it's fate to these sinking ships and collection of economic losers.

Some like Saudi keeps tons of USD and plows the dollars back to US as investments . They will not do the same for Yuan as the investments are far less attractive.

SGD is very strong and should never associate with these weak economies because it can only weaken us.

Now China's order for 160 Airbus aircraft in RMB saving the exchange charges to US$. 

Plus all the trading with all countries in the world, the saving is in terms of billions of $.  

When China uses RMB to buy from, say, France, France can use back RMB to pay for purchases of goods from China.   

What is the problem of weak currency you talked about. Stupid.  

.