KEY POINTS
-A new BRICS currency is currently not on the agenda, said India's Foreign Minister S. Jaishankar
-His remarks come ahead of a BRICS summit to be held in August in South Africa
-Brazil and South Africa's leaders recently made statements about an alternative to the U.S. dollar
India has shut down speculation in recent weeks that the BRICS nations were planning a common currency to derisk their economies from the kind of devastating sanctions that the United States has levied on Russia and other countries by leveraging the greenback's global dominance.
Be the first to like this.
1,487 comment(s).Last comment by IDQWE001 2023-10-04 18:00
In stock market, we have been practicing cut loss so as to stay afloat in the market for long term. We don't care about past glory success of the company especially when critical conditions have changed and bursting the fundamental of the company.
Likewise, a high growth country may need to face a very toughing period after hitting huge rock.
Btw, people love living the past glory success and dare not update the latest development. They can keep looking for every tiny positive news to back-up their views but the trend won't change according to their wish.
Structural changes in the chinese society of high unemployment of youths,dwindling demand due to loss of purchasing power of the ppl after 3 tough yrs of covid restrictions,major players of real estate falling down like a house of cards etc etc.How can ccp turn this tsunami around overnight? It will be a tough long fight.
As usual, we have to know and undertand what are the critical factors or moats to drive a company enjoying high growth scenario over the the years. What would happen when the moats have dissapeared due to critical political changes. Do you need to evaluate wisely what are the consequences?
western media is following Biden 2024 election narrative, that Biden has successfully brought down China ...now the media narrative has pivoted from China Taiwan to China defeated. ...... the narrative is directed from the White House and media just follows.
As for real China, its technology developments will continue and China will continue to improve. Short term ups and downs will be rather meaningless by 2050. In the 40 years of opening and reform, China has crossed much more difficult problems than today.
qqq is like a camel hiding its head under the sand,did you even read the latest nomura's world report?day day having hallucinations aint good ya....kikiki.Btw it is Nomura,not some id like qqq....lolz
China emerges from the 3 years covid lock downs as world champions in EVs and all things related to green energy and batteries. As recently as 5 years ago, nobody wants to touch a Chinese car, not even the Chinese themselves. Now, its quality is of the highest class and the price is unbeatable. ................................ China is no longer just making toys for the world, China is challenging in every high tech field. No doubt a big challenge for G7 countries. ................ and the big winners are consumers in global south.
qqq is like a camel hiding its head under the sand,did you even read the latest nomura's world report?day day having hallucinations aint good ya....kikiki.Btw it is Nomura,not some id like qqq....lolz
===========
the G7 has far more problems than China and far more difficult to solve.
Sorry to be franked here..mostly novice and losers in the stock market are not able to see the clear picture of the latest development and its consequences in the next few years.
the next question is why is western media so compliant in following Biden narrative? one is executive powers and privilege and a big reason is main stream western media is very very afraid of Trump. The western media will do whatever is needed to defeat Trump. , and for that will have to show Biden succeeds in every thing including and especially confronting China.
Posted by treasurehunt > 4 minutes ago | Report Abuse
Sorry to be franked here..mostly novice and losers in the stock market are not able to see the clear picture of the latest development and its consequences in the next few years. ==========
I am not talking about stock market...........I am talking about the real China, about the real economy and the real world, and especially China 2030 and China 2050.
who are the masters of finance? without doubt, the masters of finance is wall street, still..........and China ( including the CPC) is just a novice in stock market and finance.
for China, and for CPC, stock market is just a tool, not the policy ...stock market index level is understood to be controlled by foreigners and foreign funds , that has not changed.
Normal ppl like us measure a country's economic progress via the stock index.Asylums inmates measure it thru hallucinations n delusions.
=======
I don't think u can compare China stock market with NYSE ...................... the difference is still too large to compare directly. ...............China is working on it, but still too early, wait for 2030 or 2050 la.
there is little doubt that in matters of finance , stock market, hedge funds, currency markets, China is still far far behind international standards. ........... U think Beijing don't know meh?
That is why Beijing places a high priority in protecting its citizens from the excesses of the stock market and also a primary reason why they stop the listing of ant financial. ..and even the latest property market crisis is started when Beijing introduce curbs and standards for the the developers several years back.
in the eyes of the communists..........meaning CPC............stock market is a necessary evil in reform and opening up to catch up with the West...........but is never the master of the nation like Wall Street is master of America.
the real China............ China is a very competitive place. Competition cut throat . And only the strongest survive. Those that survive in China will go out into the world and conquer the world. That is the real China.
Like the EV industry. Currently there are 100 companies in China doing EV, and in a few years the vast majority will not survive and will die. That is the real China ................it is competition that polish the sword. ..............in that sense, China is more capitalist that even the most capitalist country outside China.
Should I address you as Rookie or Loser.. even after 10 years in the market? You don't know how medias works all these while ke? You don't know how to differentiate between facts, truth and fake? You don't know how to make use of the information to make money?
China stock market is still an infant and not for the faint hearted. For the public in China, stock market is no more than a gambling den. Despite all the efforts, things have not improved much in 20 years. The CPC knows this truth very well. They want to see improvements but its very difficult to see improvements and so for the Chinese, stock market is not really an option for their savings.
China stock market is not your business when you are unable make use of the medias information. It seems like after reading or watching something in the medias, you are only aware of syok or angry, like or dislike. Tak ada akal macam cari wang dalam stock market???
Judeo-Christian civilization has helped the Europeans as the Roman empire was moving away from the Greco-Roman religion.
Judeo-Christian belief was based on monotheism, a belief in only one god whereas; Greco-Roman belief was based on polytheism, belief in many gods.
The first faculty in University Paris, one of the earliest university, was theology instead of investment/banking or computer science. The students studied the early text from the Bible regarding the existing of God, the creations from God and the behavior of God and themselves. They were anxious and curious and learned about the concept of creation from God. Hence, the Europeans created things like steam engine, the clock/time...
Who are these people that revealed the early Bible/Hebrew Bible to the outside world if not the very owner of the Book? These stiff-necked people started debating and arguing about the facts and points from the Book that eventually gave them the ideas about the community /brotherhood (communism), democracy (liberalized by God from their slavery), money (created by God and don't charge interest against your brother but the outsiders/foreigners)...
it is hardy surprising that the fiercest critics of China are Christians, evangelic Christians and weak minded fake Christians ... I like Romans, Greeks and China more.
India becomes first nation to land spacecraft near Moon's south pole
India on Wednesday became the first nation to land a craft near the Moon's south pole, a historic triumph for the world's most populous nation and its ambitious, cut-price space programme.
Its landing comes days after a Russian probe crashed in the same region and four years since the previous Indian attempt failed at the last moment.
Difference between strong and solid alliance and evil alliance.
Under the guidance of xi jinping, brics and global south will de dollarise and bricscoin will be used for cross border financing and trade ..as Xi jinping says development is every country's rights and no country will be left behind.
Under the guidance of xi jinping , the gap between the global south and global north will narrow over time...and brics and bric bank are key instruments
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by IDQWE001 > 2023-07-18 09:23 | Report Abuse
KEY POINTS -A new BRICS currency is currently not on the agenda, said India's Foreign Minister S. Jaishankar -His remarks come ahead of a BRICS summit to be held in August in South Africa -Brazil and South Africa's leaders recently made statements about an alternative to the U.S. dollar India has shut down speculation in recent weeks that the BRICS nations were planning a common currency to derisk their economies from the kind of devastating sanctions that the United States has levied on Russia and other countries by leveraging the greenback's global dominance.