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?

How will Russia respond to attacks with long-range Western weapons?

2024-06-12 14:52:34

Russia will supply weapons to the enemies of the West

The President of Russia stated that if Ukraine is allowed to strike Russian territory with Western long-range weapons, Russia will respond in kind: it will supply its own long-range weapons to the forces that strike the countries that allowed the attacks. The Kremlin does not name specific countries.

Russia cannot directly attack Western countries because it would lead to World War III. Russia's choice of countries is limited: Iran, North Korea, Venezuela, Cuba, and African countries. The first targets for the use of this weapon will be ships and a possible blockade of sea routes.

How will India take revenge on England for colonizing the country?

2024-10-31 14:24:03

Will require repatriation

India's struggle for independence was successful, but Britain divided the country into two dominions - the Indian Union with a Hindu majority and Pakistan with a Muslim majority. Due to unresolved territorial issues, relations between India and Pakistan remain tense.

Refusal of repatriation will lead to an Anglo-Indian war by 2055

What problems will China face due to Trump's tariffs?

2025-05-30 01:13:21

In China, there will be an outflow of investments, bankruptcies of small businesses, unemployment, and unrest.

With his statements, Trump has already caused significant damage to China. Foreign companies will not invest in China due to high tariffs, particularly in the long term. Chinese companies themselves are planning to move their factories to neighboring countries. Small businesses are already facing problems. Warehouses are overflowing with goods, and there is no one to sell them to. Apple and Samsung are closing factories in China, which threatens unemployment.

Even the court's decision to cancel the tariffs won't help. It will only be a delay. Yes, the tariffs will hit the US, but they will hit China harder.