down 6% this year. So much for "do nothing, win" lmao.
>>532422405Buy the dip niggers
>China still making it easier for them to exportIt's called currency manipulation for a reason
>>532422510every foreign stock you own will be frozen by the end of this conflict moshe. stay in your country
>>532422405an export economy cant be a global reserve and china cant get their consumers to spend money so its worthless
>>532422405They are an export country, so this is actually a loss for Vietnam and India
>>532422405>do nothing, winThis is a demoralization meme pushed by NEETs
>>532422405They have been devaluing their currency for decades you retarded mutt. In fact the Chinese central bank has a soft peg to the USD that it controls quite precisely. They have more control over their currency than the US as they don't allow their citizens or corporations to dump their yuan and buy other currencies. You have to get permission from the government after certain amount
>>532422567>>532422773These. Having a plummeting weak economy is actually a good thing but exclusively for China. It's proof they are winning. They meant to do this.
Embarrassing thread.
>>532422575I don't think they want the yuan to be a reserve currency. At least not yet but if they do it will be pegged to gold in one way or another.
>>532422405Chinese yuan is essentially pegged to the dollar
>>532422887You lost chinktranny, get over it.
>>532422405The yuan is pegged to the dollar, retard.
6% in a year? My dollar goes way more than 6% less further than it did 1 year ago.
>>532422405They want their currency to be weaker than the dollar retard.
>>532422405>do nothing, ching pong chang chu dao!
>>532422567spbpChina stays winning
>>532422405My nigga doesn't know...
>>532422405This is being done on purpose to counter the dollars own sell-off. China is selling off its gold and crypto for dollars instead of purchasing US treasuries
>>532422405>LAST YEAR I COULD BUY 7.3 YUAN FOR $1>NOW I CAN ONLY BUY 6.8 FOR $1>THE NUMBER OF YUAN I CAN BUY HAS GONE DOWN. THEIR CURRENCY IS IN FREE FALL
>>532422885It's not exclusive to china, the thing is this: the exchange rate in China doesn't actually reveal anything about their economy because it's not free floating , the central bank manipulates it constantly , they set a trend and the currency follows it, they literally have trillions in USD reserves precisely for that
>>532423294yeah the west is over esp burgers
I just bought wine in California from Australia and it cost $2. The economy doesn't even make sense.
>>532422405Cheap yuan is good for their exports.
>>532423294Fucking kek
>>532423323You forgot to put on your memeflag like your fellow CCP shills >>532423231>>532423131
>>532422405I wonder what the ccp thinks about Irans yuan demands in the gulf. Do you think they were even asked?
>>532423407the ccp shills are in american flags, right
>>532423469meant >>532423294 this one. Clicked the wrong post. Nice deflection though.
>>532422885It’s good for China because China relies of price competitive exports. It’s bad for US because US imports a lot.
>>532423469This is (you) btw. The escalator is your hubris thinking you could ever win. The "do nothing" strategy was cute, probably saved you from fumbling the ball even sooner.
>>532422405Y is being traded for oil and turned into other currencies by oil producing currencies; KD 1 equalling US$3.28, ahead of the Bahraini dinar, equalling US$2.65 and the Omani rial at US$2.60.
>>532422887He does this bait thread every day, and it's a sad proof that most /pol/acks are retarded.
30+ replies and no one has realized that the graph shows yuan is appreciating against the dollar
>>532422567It is but their economy would implode if they didn’t dump yuan Ironically this makes it very volatile and keeps higher order investments stagnant When they tanked it hard back 2013 a shit ton of people including foreign investors got wrecked
>>532422510Wait until the inevitable communist collapse.
>>532422405>>532422567OP is a fucking retard
>>532423607 >It’s bad for US because US imports a lot.It’s not bad because you can import more Chinese shit and it’s cheaper Which is why China is doing it to begin with they still make more money from the US consumer than anyone else
>>532422405kek
Hm, a high Yuan makes Chinese goods more expensive. Not good for China desu. Maybe makes their imports cheaper but it makes other manufacturing options more attractive.
>>532422405>Yuan is cheaper, so more people will use it to buy shits>This is bad actuallyThey don't teach basic economics at Jamboy Academy?
>>532422405Quick, get on AliExpress and place those orders you have in your cart.
>>532422405zoom out retard
>>532424489We're witnessing it in real time.If they put half as much effort and resources into actually developing as they do building Potemkin ghost cities encrusted with gaudy LEDs, maybe they could have been more than North Korea with light pollution.
>>532422405That's bad for japan
>>532425354Only if you're myopic. What's bad for China is ultimately good for Japan. Short term pain, long term gain. Japs got Samurai spirit, they can tread water and live off of rice, sesame seeds and rat meat for longer than chinks.
>>532422405>>532422567>>532422575>>532422773>>532422885>>532423028>>532423231see>>532423294THE VALUE OF THE YUAN IS GOING UPTHE VALUE OF THE DOLLAR (IN TERMS OF YUAN) IS GOING DOWNTHE REASON: YOU NEED YUAN, NOT DOLLARS, TO BUY OIL THROUGH THE STRAIGHT OF HORMUZ
>>532424410yeah noticed the chart immediately upon glance. im starting to think im among bots, or most likely retards.dead board
>>532422405A weak currency favours an export economy. The future is yellow.
>>532425906>>532424410Dunning-Kruger moment. You think having a reddit degree in chart reading makes you smarter than the collective wisdom of /pol/.Read the room and sit down. Maybe you'll learn something.
>>532422405china wants to depreciate the yuan against the usd
>>532422405I really shouldn't be shocked by how low IQ this thread is.But holy fuck.
>>532425634he's spammed multiple threads with this retarded bait and this board keeps falling for it. goes to show the average quality of the 99th percentile poster
>>532422405They deliberately lower their currency's exchange rate to maintain exports at a favorable cost for them, according to the market.They compensate for this by maintaining their socialist-capitalist system and the control they have over their country.
yuan falling actually makes their products more competetive, retard
>>532425906>>532424410>>532428232you people are genuinely fucking stupid. THE LINE IS GOING DOWN YOU DUMB FUCK. THE YUAN IS GOING DOWN YOU FUCKING IDIOT HOLY SHIT. get an education
>>532422405"Oh god, the yen is worth less than the dollar," they export like there's no tomorrow to the whole world, and their population isn't affected because they consume everything that is produced domestically.If it were the other way around (like Europe), they'd be screwed, because they import so many essential things.
>>532422405>>532426811jamboy forgot his memeflag lol.
>>532428304Color blind dyslexic retards that can't even see red line going down.
>>532422405>.5% loss over 3 months>freefalllol
>a fucking leaf spaming the same bait thread
>>532424363nah, it is clearly a test that bots will certainly fail.look how many real /pol/ users left holykek. no wonder it feels like crap lately.
>>532424410This place is actually retarded man.
>>532430673it works lol, people here are fucking retarded. I never knew how many people can't do the simple math and realize the yuan is getting stronger.
>>532430673>>532430984>>532431085>>532431161Cope. Consensus is king. Yuan is crashing but its because CCP manipulates their currency and its a good thing.You lost trannies.
>>532422405you can't even read a graph retard, the yuan has increased in value over the dollar.
>>532422405You are a retard. This means 1 dollar is less yuan, so yuan is better now.
>>532422405now cross reference that timeline with cost of living of an average family on both sides
>>532424434>(((foreign investors))) got wreckedthat's a good thingprobably why blackrock owns 0% of china meanwhile they own 50% of europe
uh.... anon you might want to re-take math class.If the chinese yuan is "decreasing" in relation to the USD, it means.Imagine if you had 1 Hamburger. If you split the Hamburger into 8 parts, you have 8 Hamburgers? No, you have 8 portions of a Hamburger.If you combine the Hamburger, you get a larger Hamburger. China is currently at the tiny 8 pieces of a hamburger. If the number decreases to 1, china will have an entire burger.Meaning 1 chinese yuan = 1 USD.This is NOT a good thing btw. It means the chink Yuan could replace USD.
>>532422405>jeet education
