陳諾・👊🏳️🔥
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陳諾・👊🏳️🔥
@nuochan
18個月以前的推文會被自動刪除。follower不足250的藍勾帳號會被自動屏蔽。

COLUMN: China is quietly slashing oil imports, an invisible hand that's rebalancing the market in the middle of the Hormuz closure. (The shift has not only capped benchmark oil prices, but also triggered a collapse in physical differentials) @Opinion bloomberg.com/opinion/articl…

📢 Belçika Kraliçesi Mathilde İstanbul’da

This is a very uniquely Chinese monetary practice. No other culture has had as prolonged use of paper money to project its existence into the afterlife.

From the @TheTorontoSun Editorial Board: “Because Canada has enabled Jew hatred, it has created the impression for already sick and hate-filled minds predisposed to violence that they are justified in attacking Jews in Canada because of the actions of the Israeli government and military in Gaza and Lebanon… If our governments actually cared about what has happened they would be using the laws and maximum prison sentences we already have for those convicted of trespassing, vandalism, public mischief, uttering threats, assault and promoting hatred. They don’t and they won’t, which says everything.” torontosun.com/opinion/column…

the first prostitute ever was so damn powerful she was just like this pussy ain't free



Radical abolitionist John Brown was born on this day in 1800. “I acknowledge no master in human form.”

@alvinfoo China is a third world country Far behind the US and Europe

The CRA must not be weaponized against any community. Attacks against Jewish schools and Jewish camps is an attack against all of us.

@CBankingEditor Depends where! I traveled the Southern Taklamakan into Qinghai at the same time. The level of development in every way was similar to India today (which makes sense - India's PPP GDP p.c. is about the same as China 20 years ago!)

The Kremlin claims the Soviet Union “liberated Europe” in 1945. It omits one crucial fact: WWII was enabled by the Hitler–Stalin Pact of 1939, which carved up Europe between two totalitarian regimes. For millions in Central and Eastern Europe, Soviet “liberation” meant occupation, repression, deportations, and decades without freedom. The Soviet Union was an occupier. Russia is an occupier in Ukraine today.

China has been telling the world it is abandoning the dollar. The Council on Foreign Relations just published a detailed analysis showing that China may actually hold more dollars off its official books than on them. The de-dollarization story is largely a magic trick. Here is how it works in plain terms. China's official foreign exchange reserve, managed by an agency called SAFE, used to hold about 79% of its assets in US dollars back in 2005. By 2019, that number had dropped to 55%. That is the number that gets reported. That is the number that generates headlines about China dumping the dollar. But while China was reducing the dollar share of its official reserves, it quietly stopped growing those official reserves altogether. They have been stuck at roughly $3.3 trillion for eight years. All the new money China accumulated went somewhere else entirely, into the foreign lending of state-owned policy banks like the China Development Bank, into the foreign assets of state commercial banks, and into various state investment funds. None of this is fully disclosed. None of it shows up in the headline de-dollarization numbers. CFR senior fellow Brad Setser ran the math. China's official reserves hold approximately $1.8 trillion in dollars. But Chinese state commercial banks hold an estimated $1 trillion in dollar assets abroad. The policy banks hold close to another $1 trillion in foreign claims, most denominated in dollars. The China Investment Corporation, the country's sovereign wealth fund, holds roughly $450 billion in foreign assets, the majority in dollars. Add it all up and China's total dollar holdings across all state entities likely exceed $4 trillion, more off the official books than on them. Every debt restructuring case where China's policy banks were involved, Zambia, Sri Lanka, Ecuador, Angola, involved dollar-denominated loans. Not yuan. Not euros. Dollars. The de-dollarization narrative serves a specific purpose for Beijing. It signals geopolitical independence from the US financial system, which is valuable messaging for domestic audiences and Global South partners. But the actual financial behavior of Chinese state entities tells a different story. China's banks are still borrowing and lending predominantly in dollars. China's investment funds are still holding predominantly dollar assets. The label changed. The exposure did not. China is telling the world it is exiting the dollar while quietly holding more of it than ever. That is not de-dollarization but a very well-executed press release. #China #CCP #Dollar #DeDollarization #Geopolitics #Finance #CFR #Economy #GlobalFinance #SAFE

China has been telling the world it is abandoning the dollar. The Council on Foreign Relations just published a detailed analysis showing that China may actually hold more dollars off its official books than on them. The de-dollarization story is largely a magic trick. Here is how it works in plain terms. China's official foreign exchange reserve, managed by an agency called SAFE, used to hold about 79% of its assets in US dollars back in 2005. By 2019, that number had dropped to 55%. That is the number that gets reported. That is the number that generates headlines about China dumping the dollar. But while China was reducing the dollar share of its official reserves, it quietly stopped growing those official reserves altogether. They have been stuck at roughly $3.3 trillion for eight years. All the new money China accumulated went somewhere else entirely, into the foreign lending of state-owned policy banks like the China Development Bank, into the foreign assets of state commercial banks, and into various state investment funds. None of this is fully disclosed. None of it shows up in the headline de-dollarization numbers. CFR senior fellow Brad Setser ran the math. China's official reserves hold approximately $1.8 trillion in dollars. But Chinese state commercial banks hold an estimated $1 trillion in dollar assets abroad. The policy banks hold close to another $1 trillion in foreign claims, most denominated in dollars. The China Investment Corporation, the country's sovereign wealth fund, holds roughly $450 billion in foreign assets, the majority in dollars. Add it all up and China's total dollar holdings across all state entities likely exceed $4 trillion, more off the official books than on them. Every debt restructuring case where China's policy banks were involved, Zambia, Sri Lanka, Ecuador, Angola, involved dollar-denominated loans. Not yuan. Not euros. Dollars. The de-dollarization narrative serves a specific purpose for Beijing. It signals geopolitical independence from the US financial system, which is valuable messaging for domestic audiences and Global South partners. But the actual financial behavior of Chinese state entities tells a different story. China's banks are still borrowing and lending predominantly in dollars. China's investment funds are still holding predominantly dollar assets. The label changed. The exposure did not. China is telling the world it is exiting the dollar while quietly holding more of it than ever. That is not de-dollarization but a very well-executed press release. #China #CCP #Dollar #DeDollarization #Geopolitics #Finance #CFR #Economy #GlobalFinance #SAFE






