Posted by IDQWE001 > 2023-07-18 09:23 | Report Abuse

KEY POINTS -A new BRICS currency is currently not on the agenda, said India's Foreign Minister S. Jaishankar -His remarks come ahead of a BRICS summit to be held in August in South Africa -Brazil and South Africa's leaders recently made statements about an alternative to the U.S. dollar India has shut down speculation in recent weeks that the BRICS nations were planning a common currency to derisk their economies from the kind of devastating sanctions that the United States has levied on Russia and other countries by leveraging the greenback's global dominance.

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1,487 comment(s). Last comment by IDQWE001 2023-10-04 18:00

treasurehunt

1,884 posts

Posted by treasurehunt > 2023-08-20 17:44 | Report Abuse

In stock market, we have been practicing cut loss so as to stay afloat in the market for long term. We don't care about past glory success of the company especially when critical conditions have changed and bursting the fundamental of the company.

Likewise, a high growth country may need to face a very toughing period after hitting huge rock.

Btw, people love living the past glory success and dare not update the latest development. They can keep looking for every tiny positive news to back-up their views but the trend won't change according to their wish.

klee

3,525 posts

Posted by klee > 2023-08-20 17:51 | Report Abuse

Structural changes in the chinese society of high unemployment of youths,dwindling demand due to loss of purchasing power of the ppl after 3 tough yrs of covid restrictions,major players of real estate falling down like a house of cards etc etc.How can ccp turn this tsunami around overnight? It will be a tough long fight.

treasurehunt

1,884 posts

Posted by treasurehunt > 2023-08-20 17:51 | Report Abuse

As usual, we have to know and undertand what are the critical factors or moats to drive a company enjoying high growth scenario over the the years. What would happen when the moats have dissapeared due to critical political changes. Do you need to evaluate wisely what are the consequences?

klee

3,525 posts

Posted by klee > 2023-08-20 17:52 | Report Abuse

Me as a chinese do not wish china will be too weakened,but fact is fact.

treasurehunt

1,884 posts

Posted by treasurehunt > 2023-08-20 17:55 | Report Abuse

Better accept the truth in early stage before the situation turn into an ugly scenario. It would be very hurt by that time especially emotions.

treasurehunt

1,884 posts

Posted by treasurehunt > 2023-08-20 18:00 | Report Abuse

Klee. You are right. Structural changes have been kick off since the last 3 years. Nothing much can be done helping to reverse the situation.

klee

3,525 posts

Posted by klee > 2023-08-20 18:01 | Report Abuse

Yes,when the world is opening up,china insisted to double down the restrictions.Now they pay the price.Who to blame?

qqq47660

9,012 posts

Posted by qqq47660 > 2023-08-20 18:13 | Report Abuse

western media is following Biden 2024 election narrative, that Biden has successfully brought down China ...now the media narrative has pivoted from China Taiwan to China defeated. ...... the narrative is directed from the White House and media just follows.

As for real China, its technology developments will continue and China will continue to improve. Short term ups and downs will be rather meaningless by 2050. In the 40 years of opening and reform, China has crossed much more difficult problems than today.

qqq47660

9,012 posts

Posted by qqq47660 > 2023-08-20 18:17 | Report Abuse

the ugly truth .....................China sneezes, rest of the world catches the cold.

if China goes down it will not be China alone.

klee

3,525 posts

Posted by klee > 2023-08-20 18:25 | Report Abuse

qqq is like a camel hiding its head under the sand,did you even read the latest nomura's world report?day day having hallucinations aint good ya....kikiki.Btw it is Nomura,not some id like qqq....lolz

qqq47660

9,012 posts

Posted by qqq47660 > 2023-08-20 18:27 | Report Abuse

the real China.

China emerges from the 3 years covid lock downs as world champions in EVs and all things related to green energy and batteries. As recently as 5 years ago, nobody wants to touch a Chinese car, not even the Chinese themselves. Now, its quality is of the highest class and the price is unbeatable. ................................ China is no longer just making toys for the world, China is challenging in every high tech field. No doubt a big challenge for G7 countries. ................ and the big winners are consumers in global south.

qqq47660

9,012 posts

Posted by qqq47660 > 2023-08-20 18:29 | Report Abuse

qqq is like a camel hiding its head under the sand,did you even read the latest nomura's world report?day day having hallucinations aint good ya....kikiki.Btw it is Nomura,not some id like qqq....lolz

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the G7 has far more problems than China and far more difficult to solve.

treasurehunt

1,884 posts

Posted by treasurehunt > 2023-08-20 18:33 | Report Abuse

Sorry to be franked here..mostly novice and losers in the stock market are not able to see the clear picture of the latest development and its consequences in the next few years.

qqq47660

9,012 posts

Posted by qqq47660 > 2023-08-20 18:37 | Report Abuse

the next question is why is western media so compliant in following Biden narrative? one is executive powers and privilege and a big reason is main stream western media is very very afraid of Trump. The western media will do whatever is needed to defeat Trump. , and for that will have to show Biden succeeds in every thing including and especially confronting China.

qqq47660

9,012 posts

Posted by qqq47660 > 2023-08-20 18:40 | Report Abuse

Posted by treasurehunt > 4 minutes ago | Report Abuse

Sorry to be franked here..mostly novice and losers in the stock market are not able to see the clear picture of the latest development and its consequences in the next few years.
==========


I am not talking about stock market...........I am talking about the real China, about the real economy and the real world, and especially China 2030 and China 2050.

who are the masters of finance? without doubt, the masters of finance is wall street, still..........and China ( including the CPC) is just a novice in stock market and finance.

klee

3,525 posts

Posted by klee > 2023-08-20 18:40 | Report Abuse

Normal ppl like us measure a country's economic progress via the stock index.Asylums inmates measure it thru hallucinations n delusions.

qqq47660

9,012 posts

Posted by qqq47660 > 2023-08-20 18:43 | Report Abuse

for China, and for CPC, stock market is just a tool, not the policy ...stock market index level is understood to be controlled by foreigners and foreign funds , that has not changed.

qqq47660

9,012 posts

Posted by qqq47660 > 2023-08-20 18:45 | Report Abuse

Posted by klee > 2 minutes ago | Report Abuse

Normal ppl like us measure a country's economic progress via the stock index.Asylums inmates measure it thru hallucinations n delusions.

=======

I don't think u can compare China stock market with NYSE ...................... the difference is still too large to compare directly. ...............China is working on it, but still too early, wait for 2030 or 2050 la.

qqq47660

9,012 posts

Posted by qqq47660 > 2023-08-20 18:47 | Report Abuse

the G7 has far more problems than China and far more difficult to solve.

to be fair, better spend your time looking at the dirt in G7 countries.

qqq47660

9,012 posts

Posted by qqq47660 > 2023-08-20 18:57 | Report Abuse

there is little doubt that in matters of finance , stock market, hedge funds, currency markets, China is still far far behind international standards. ........... U think Beijing don't know meh?

That is why Beijing places a high priority in protecting its citizens from the excesses of the stock market and also a primary reason why they stop the listing of ant financial. ..and even the latest property market crisis is started when Beijing introduce curbs and standards for the the developers several years back.

qqq47660

9,012 posts

Posted by qqq47660 > 2023-08-20 19:00 | Report Abuse

in the eyes of the communists..........meaning CPC............stock market is a necessary evil in reform and opening up to catch up with the West...........but is never the master of the nation like Wall Street is master of America.

qqq47660

9,012 posts

Posted by qqq47660 > 2023-08-20 19:24 | Report Abuse

the real China............ China is a very competitive place. Competition cut throat . And only the strongest survive. Those that survive in China will go out into the world and conquer the world. That is the real China.

Like the EV industry. Currently there are 100 companies in China doing EV, and in a few years the vast majority will not survive and will die. That is the real China ................it is competition that polish the sword. ..............in that sense, China is more capitalist that even the most capitalist country outside China.

qqq47660

9,012 posts

Posted by qqq47660 > 2023-08-20 19:30 | Report Abuse

u have no idea how vicious and dishonest is the western media especially in all things related to china.

treasurehunt

1,884 posts

Posted by treasurehunt > 2023-08-20 19:31 | Report Abuse

Should I address you as Rookie or Loser.. even after 10 years in the market? You don't know how medias works all these while ke? You don't know how to differentiate between facts, truth and fake? You don't know how to make use of the information to make money?

qqq47660

9,012 posts

Posted by qqq47660 > 2023-08-20 19:40 | Report Abuse

China stock market is still an infant and not for the faint hearted. For the public in China, stock market is no more than a gambling den. Despite all the efforts, things have not improved much in 20 years. The CPC knows this truth very well. They want to see improvements but its very difficult to see improvements and so for the Chinese, stock market is not really an option for their savings.

treasurehunt

1,884 posts

Posted by treasurehunt > 2023-08-20 19:54 | Report Abuse

China stock market is not your business when you are unable make use of the medias information. It seems like after reading or watching something in the medias, you are only aware of syok or angry, like or dislike. Tak ada akal macam cari wang dalam stock market???

treasurehunt

1,884 posts

Posted by treasurehunt > 2023-08-20 19:57 | Report Abuse

I m not interested to deal with the person who don't like to make money in the stock market. Period!

qqq47660

9,012 posts

Posted by qqq47660 > 2023-08-20 19:58 | Report Abuse

money flows naturally......cannot force and cannot be impatient.

but don't call China evil or Chinese government evil....I think that's all 1.4 billion Chinese in mainland China wants u to do.

qqq47660

9,012 posts

Posted by qqq47660 > 2023-08-20 20:04 | Report Abuse

the G7 has far more problems than China and far more difficult to solve.

to be fair, better spend your time looking at the dirt in G7 countries.

as an example , how are the G7 countries going to fight climate change if they sanction every thing from China?

beinvested

2,447 posts

Posted by beinvested > 2023-08-20 21:49 | Report Abuse

Judeo-Christian civilization has helped the Europeans as the Roman empire was moving away from the Greco-Roman religion.

Judeo-Christian belief was based on monotheism, a belief in only one god whereas; Greco-Roman belief was based on polytheism, belief in many gods.

The first faculty in University Paris, one of the earliest university, was theology instead of investment/banking or computer science. The students studied the early text from the Bible regarding the existing of God, the creations from God and the behavior of God and themselves. They were anxious and curious and learned about the concept of creation from God. Hence, the Europeans created things like steam engine, the clock/time...

Who are these people that revealed the early Bible/Hebrew Bible to the outside world if not the very owner of the Book? These stiff-necked people started debating and arguing about the facts and points from the Book that eventually gave them the ideas about the community /brotherhood (communism), democracy (liberalized by God from their slavery), money (created by God and don't charge interest against your brother but the outsiders/foreigners)...

qqq47660

9,012 posts

Posted by qqq47660 > 2023-08-20 22:10 | Report Abuse

it is hardy surprising that the fiercest critics of China are Christians, evangelic Christians and weak minded fake Christians ... I like Romans, Greeks and China more.

qqq47660

9,012 posts

Posted by qqq47660 > 2023-08-20 22:12 | Report Abuse

I like Romans, Greeks and China more.

The romans, greeks and ancient China have more in common than differences.

qqq47660

9,012 posts

Posted by qqq47660 > 2023-08-24 19:43 | Report Abuse

Western media anti China media blamed every thing on Xi jinping.

It's like murderer blames every thing that went wrong on the victim

IDQWE001

2,992 posts

Posted by IDQWE001 > 2023-08-25 09:12 | Report Abuse

India becomes first nation to land spacecraft near Moon's south pole

India on Wednesday became the first nation to land a craft near the Moon's south pole, a historic triumph for the world's most populous nation and its ambitious, cut-price space programme.

Its landing comes days after a Russian probe crashed in the same region and four years since the previous Indian attempt failed at the last moment.

Difference between strong and solid alliance and evil alliance.

Posted by Robert Waters > 2023-08-25 13:56 | Report Abuse

1 unit of brics dollar will be about 55 usd, or 1 gram of gold.

qqq47660

9,012 posts

Posted by qqq47660 > 2023-08-25 15:02 | Report Abuse

1 unit of brics dollar will be about 55 usd, or 1 gram of gold.

gold back currency vs fiat currency

qqq47660

9,012 posts

Posted by qqq47660 > 2023-08-25 15:08 | Report Abuse

China declares its manifest destiny to be always on the side of global south.

qqq47660

9,012 posts

Posted by qqq47660 > 2023-08-25 15:27 | Report Abuse

the beginning of the end of dollar hegemony

qqq47660

9,012 posts

Posted by qqq47660 > 2023-08-25 16:59 | Report Abuse

India is a funny country. nobody knows India. India is a spy for america also no one knows.

but India unable to stop the expansion of BRICS.

IDQWE001

2,992 posts

Posted by IDQWE001 > 2023-08-25 17:04 | Report Abuse

USD/CNH - US Dollar Chinese Yuan Offshore

7.2913 +0.0106 (+0.15%)

I brics dollar how many RMB offshore ?

Brics talk only no action. Xi supposed to give speech but suddenly disappeared never respect the meeting. Killer Putin hide at home killing only.

qqq47660

9,012 posts

Posted by qqq47660 > 2023-08-25 17:08 | Report Abuse

in 10 years, u will see the effect of de dollarization.

IDQWE001

2,992 posts

Posted by IDQWE001 > 2023-08-25 17:11 | Report Abuse

Xi and Modi agree at Brics to prioritise de-escalation efforts at the Himalayan border

Brics very loose organisation even fighting amongst themselves, let them settle first then talk. Brics dollar ??? talk only

foongsh

1,378 posts

Posted by foongsh > 2023-08-25 17:13 | Report Abuse

2 mouths ago many jokers said USD become toilet paper, however, there is 1 joker here still talking about the toilet paper.

foongsh

1,378 posts

Posted by foongsh > 2023-08-25 17:19 | Report Abuse

Posted by IDQWE001 > 9 minutes ago | Report Abuse

USD/CNH - US Dollar Chinese Yuan Offshore

7.2913 +0.0106 (+0.15%)

I brics dollar how many RMB offshore ?

Brics talk only no action. Xi supposed to give speech but suddenly disappeared never respect the meeting. Killer Putin hide at home killing only.

Xi failed to give Brics key speech, it proved that Brics is not important to him.

qqq47660

9,012 posts

Posted by qqq47660 > 2023-08-25 19:32 | Report Abuse

Under the guidance of xi jinping, brics and global south will de dollarise and bricscoin will be used for cross border financing and trade ..as Xi jinping says development is every country's rights and no country will be left behind.

qqq47660

9,012 posts

Posted by qqq47660 > 2023-08-25 19:38 | Report Abuse

Under the guidance of xi jinping , the gap between the global south and global north will narrow over time...and brics and bric bank are key instruments

qqq47660

9,012 posts

Posted by qqq47660 > 2023-08-25 19:39 | Report Abuse

Africa in particular will benefit and that is why this brics meeting in Africa is very popular

qqq47660

9,012 posts

Posted by qqq47660 > 2023-08-25 19:43 | Report Abuse

Bricscoin to be backed by gold and used for cross border trades and by new development Bank will become very successful over time.

qqq47660

9,012 posts

Posted by qqq47660 > 2023-08-25 19:46 | Report Abuse

Bricscoin is not meant to replace domestic currencies but merely to facilitate cross border trades without the need for US dollar.

qqq47660

9,012 posts

Posted by qqq47660 > 2023-08-25 20:05 | Report Abuse

The 21 century is the Asian as well as African century

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