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11-04-2023, 07:51 AM
(11-04-2023, 05:38 AM)sgbuffett Wrote: Just like hype surrounding dedollarisation which is hampered by massive debts of countries demninated by US dollars (23 trillion) and securities traded in US dollar (>100T) China many deals with many weak currency countries like Brazil, Argentina, Venezuela etc will backfire badly as it increase the amount of offshore Yuan that will make it's way to speculators who can use it to weaken the Yuan.Just like Dr M keep threatening sinkie land to stop water supply, lky build plant to recycle water. Sinkie land wasted alot of capital investments to get something that is supposed to be free.
China will waste alot of capital investments to reinvent what is done in semi conductors elsewhere fo catch up. This will weaken China as it cuts investments in other areas to fund the semiconductor catch up.
Like all western strategies they lay the traps and let you walk into it...
While it could be Dr M's strategy to lay traps and let us walk into it, Dun walk into it can meh?
1. I have served the nation in a combat unit for 2.5 + 10 years. I had fulfilled my duty as a citizen, but has the country do it's part for me?
2. I don't know where the threat of CCP is, but I know the threat of CECA is already at my doorsteps
3. I had been called a CCP, JHK, Pinoy, but they never called me a CECA..
