• What does China's economy have that the US economy doesn't?

    From Rusty Wyse@21:1/5 to All on Wed Dec 29 09:55:24 2021
    Jay in New Zealand
    ·
    Follow
    History and Current Affairs interest Dec 22
    What does China's economy have that the US economy doesn't?
    Originally Answered: What does China’s economy have that the US economy doesn’t?
    First place…McKinsey and Co announced that China is officially the wealthiest economy in the world, $30 trillion dollars ahead of the US…as reported by Bloomberg.

    China won't have US foreign debt, Russia had convinced them to dump it… but that's only about $1.1 trillion, still having that back in the coffers will look better.

    China has trillions of dollars of loans to 181 different countries, but they're not using SWIFT, nope no USD in these transactions… all these 181 countries will use digital RMB…no more USD hegemony… bye…

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)