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Rescooped by Claudia Orsini from Gold and What Moves it.
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9 Signs That China Is Making A Move Against The U.S. Dollar

9 Signs That China Is Making A Move Against The U.S. Dollar | China | Scoop.it

On the global financial stage, China is playing chess while the U.S. is playing checkers, and the Chinese are now accelerating their long-term plan to dethrone the U.S. dollar.  You see, the truth is that China does not plan to allow the U.S. financial system to dominate the world indefinitely.  Right now, China is the number one exporter on the globe and China will have the largest economy on the planet at some point in the coming years.  The Chinese would like to see global currency usage reflect this shift in global economic power.  At the moment, most global trade is conducted in U.S. dollars and more than 60 percent of all global foreign exchange reserves are held in U.S. dollars.  This gives the United States an enormous built-in advantage, but thanks to decades of incredibly bad decisions this advantage is starting to erode.  And due to the recent political instability in Washington D.C., the Chinese sense vulnerability.  China has begun to publicly mock the level of U.S. debt, Chinese officials have publicly threatened to stop buying any more U.S. debt, the Chinese have started to aggressively make currency swap agreements with other major global powers, and China has been accumulating unprecedented amounts of gold.  All of these moves are setting up the moment in the future when China will completely pull the rug out from under the U.S. dollar. ...

 


Via Hal
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Rescooped by Claudia Orsini from Public Relations & Social Media Insight
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China Top 50 Brands - CMEX

China Top 50 Brands - CMEX | China | Scoop.it

Business leaders in much of world have sought for a long time to build local, regional and global brands that add significant value to their organizations. Today, in China, we see the same phenomena emerging as Chinese brands move from being local to regional to national and now to global entities.China’s people drive the change. Historically, the people of China generally have been savers rather than spenders. However, as the economy strengthens the Chinese are changing and causing the businesses they buy from to change too. Government policies and initiatives encourage the formerly conservative Chinese consumers to release some of their hard earned money and spend it on goods and services, driving GDP growth.

 

This slow but steady, and now very noticeable, transformation is affecting every business across China. Consumers are learning to buy more products and services for reasons other than price. They’re paying attention to brand....


Via Jeff Domansky
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Jeff Domansky's curator insight, October 21, 2013 9:45 AM

China Top 50 Brands is a fascinating look at evolving brand and consumer trends in China.

Rescooped by Claudia Orsini from Digital-News on Scoop.it today
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Chinese GDP Grows 7.8%

China's economy expanded 7.8 percent year-on-year in July-September, data showed Friday, snapping two quarters of slowing growth, but analysts questioned whether the improvement was sustainable.

Via Thomas Faltin
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