🇨🇳 China won't use
#digitalyuan
to bypass sanctions and bail out Russia, says Turrin
West 10 years behind China on
#CBDC
.
De-dollarization is unstoppable.
Interview on
@AsiaSquawkbox
Cashless my 5⭐ bestseller on China's
#CBDC
The
#CIA
is buying your ad-tracking data from data brokers. How are the US and China different?
1) Both China and the US use your digital footprint for surveillance.
2) In China, the social contract clearly states that your data is fair game for surveillance. Meanwhile,
#DEDOLLARIZATION
DAILY:
De-dollarization is 'a myth,' and there's no big shift taking place away from the US currency, commodities expert says
A myth?
1) A fifth of global oil trade this year was settled in currencies different from the U.S. dollar as countries such as Russia
@thecyrusjanssen
Great post Cyrus. The Huawei bans were made under the foolish assumption that Huawei was a static industrial behemoth of the 1950s. What the US missed is that
#Huawei
is one of the world's great innovators. The US merely forced Huawei to innovate around the bans. Yes expensive
@thecyrusjanssen
Absolutely fabulous thread Cyrus! Spot on! What I also found amusing was that the exchange on Xi's part was very candid and honest. In the press it was called: "scolds, lectures, chides" and more adjectives that are all negative. Great coverage!
@thecyrusjanssen
Cyrus... It defies belief doesn't it? After years of heavy sanctions on China the US is "seriously concerned" when a US product is sanctioned? I needed a good laugh this morning. Great tweet as always.
@Fame21Moore
I don't think Luna was "accidental" but certainly agree that the SEC long value destroying case against XRP should have ended a long time ago.
@thecyrusjanssen
The migration of production out of China and into India was supposed to be easy if you've read any of the articles on de-risking over the past year. Turns out that its harder than it looks!
Underestimating China's logistics and supply chains is a big mistake. And they're
🔥 But who wants to pay with RMB? Everyone buying China's e-Commerce! 🔥
In a stunning development, tracked by AGPAYTECH LTD. the Chinese RMB surpassed the US Dollar in cross-border payments within the non-banking sector.
And wait for it……it was all brought to you by
@thecyrusjanssen
Great post Cyrus and I'm delighted that Albanese trying to better relations with China.
The costs to the Australian economy for its misguided decoupling policy were enormous and may have served Washington's interests but certainly not those of citizens.
Decoupling is a