(25-09-2024, 06:29 PM)Niubee Wrote: [ -> ]Sgbutt dare not short ah 
I went long HSI ahead of FED rate cuts.
Why would I short?
When USD tank against Yuan after Fed cats some money will flow back to Chinese markets regardless of China economic problems.i explained this already.
Although HK has recorded some moderate growth, its economy isn’t going to take off soon because the private sector debt has hit more than 200% GDP, higher than China. HSBC has just reported tt the property loan default rates has increased by six folds in the first half of this year. T
https://www.nzherald.co.nz/business/hsbc...ZOG2QCRTU/
(25-09-2024, 06:27 PM)Sentinel Wrote: [ -> ]Sup sup water
Very wet ok
The Oracle has already spoken
Go forth and multiply
Waiting for F...k?!
China's recent stimulus approach highlights a careful balancing act. Rather than printing more yuan, which could lead to further depreciation of the currency, China is opting to use its dollar reserves. This choice helps stabilize the economy by injecting liquidity while also managing inflation risks, avoiding the pitfalls of excessive monetary easing.
Parallel to this, China is actively pushing for dedollarization, particularly in international trade. Over 50% of its cross-border transactions are now settled in renminbi (RMB), overtaking the use of U.S. dollars. This strategic shift reduces China’s dependency on the dollar, a move partly motivated by geopolitical factors like sanctions on Russia, which has increased its use of the yuan in trade.
By leveraging its dollar reserves instead of printing yuan, China maintains a dual strategy: supporting domestic markets and carefully managing the yuan's value. This approach allows for economic stimulation without exacerbating currency depreciation, all while gradually reducing reliance on the U.S. dollar in global trade.
Above 22k scaled by noon today
Mission accomplished
Sup sup water
![[Image: RTo2ymY.png]](https://i.imgur.com/RTo2ymY.png)