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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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File: 87 KB, 574x484, Renminbi’s share of trade finance doubles since start of Ukraine war ….png [View same] [iqdb] [saucenao] [google]
54616822 No.54616822 [Reply] [Original]

>> No.54616838

amerimutt bros... our response?

>> No.54617046
File: 2.44 MB, 1195x1200, 1680260410058827.png [View same] [iqdb] [saucenao] [google]
54617046

>>54616838
Ignore and deny, until it's too late to do anything about it

>> No.54617087

>>54616822
wtf is the renminbi? it sounds african i thought china used the yuan

>> No.54617113

>>54617087
Renminbi is the name of the currency, literally meaning "people's currency". A yuan/kuai is the basic unit of the renminbi.

>> No.54617166

>>54617087
Let me guess, you're an obese third world amerimutt?

>> No.54617454
File: 78 KB, 460x593, 0646310264323.jpg [View same] [iqdb] [saucenao] [google]
54617454

>>54616822

>> No.54617861

gordon chang assured me that china is collapsing in the next 2 weeks
he totally isn't a chinese agent trying to make the average american ignore china and relax, assuring the american public that they will forever be number 1

>> No.54617884

>4% of global trade finance
kek chinkies

>> No.54618196 [DELETED] 

>>54617884
It's SWIFT data. It'd probably more than 4.5% if one were to include non-SWIFT trade finance.

SWIFT annually facilitates ~$150 trillion in transactions per year. CIPS annual transaction volume is ~$14 trillion, although this is all transactions. CIPS, which does both messaging and clearing, does not seem to make detailed data public - which is not surprising considering how it is likely extensively used for sanctions evasion.

The interesting part isn't the value as much as the trend

>> No.54618228
File: 6 KB, 250x243, 1681444404302558.jpg [View same] [iqdb] [saucenao] [google]
54618228

>>54617884
It's SWIFT data. It'd probably be more than 4.5% if one were to include non-SWIFT means.

SWIFT annually facilitates ~$150 trillion in transactions per year. CIPS annual transaction volume is ~$14 trillion. Although, these are the volumes of all types of transactions. CIPS does not seem to make detailed data public, which is not surprising considering how it is likely extensively used for sanctions evasion.

The interesting part isn't the value as much as the trend

>> No.54618331

>>54618228
Also a shitton of entities are blocked by SWIFT which is inherently tied to the USD.

>> No.54618581

>>54616822
Just a few more decades or so

>> No.54618589

>>54616838
More Interracial and Gay sex

>> No.54618889 [DELETED] 

>>54618589
seems like a plan