Can the yuan become the world's reserve currency?

2023-04-12 14:12:14

Currently no

The yuan is not a freely convertible currency. It can only buy Chinese goods.

The PRC is the world leader in the production of most industrial goods. This is facilitated by the weak exchange rate of the yuan against the dollar. If the yuan becomes the world's reserve currency, it will strengthen against the dollar, which means that China's industry will lose its competitive advantages.

Can the yuan replace the dollar?

Why is Microsoft rewriting all its code in Rust?

2024-05-13 06:09:24

To simplify development methods and reduce costs

C programmers are expensive and there are few of them. Moreover, they can leave for competitors. Meanwhile, the new RUST language allows writing safe code and hiring cheap beginners, which makes development easier and cheaper.

The company is structured in such a way that if programmers do nothing, they don't get paid. The KPI is low because it is calculated based on the number of lines of code written. That's why they love rewriting the same thing 100 times to increase their KPI.

Who is next after Russia?

2023-05-21 13:25:47

China

The US wants to freeze the conflict in Ukraine for 10 years and will deal with China. During the election campaign, Trump said that the main enemy of the United States, China and NATO, was only diverting forces, that the United States needed to leave NATO. After Biden, there will be Trump. A new alliance, AUKUS, has been devised to contain China.

The United States will leave NATO in 2025.

The era of wars. The world after Ukraine. Scenarios for the next conflicts.

What consequences can be expected for the European Union after Apple was ordered to pay a 13 billion euro fine?

2024-09-27 10:46:23

No one will want to start a large business in the EU

The EU has no advantages over Asian countries. A 50% tax is too high; for example, in Singapore it is 0%. The military conflict between Russia and Ukraine also makes doing business difficult, as sanctions hit the EU itself, raising the prices of all energy sources, which directly affects the prices of goods and services.

The essence of the lawsuit is that all EU countries should impose the same 50% taxes, and if a country is an EU member, it cannot independently make tax preferences. Most likely, soon countries will start leaving the EU, as the United Kingdom did.

Apple must pay 13 billion euros in back taxes