Chinese Economy: General News, Updates and Discussions

[VCheng]

@MCK
Since when have I ever trolled anyone? At first, I thought there was a nationwide visa-free agreement between Russia and China, just like the recent agreement between China and Thailand. But now that he said it’s only for group visits, it isn’t really different from what has been going on between China and Vietnam for years.

Is that other dream freedom border for groups only too?

 

[Yellow is Okay]

Is that other dream freedom border for groups only too?

The girls in the clip said that it only took about 5 minutes to enter China, but for others, it might take longer. However, since you don’t need a visa to enter, waiting for a maximum of 1 hour should be enough I guess.

 

[Beijingwalker]

The thread is about peaceful and no violence borders, China has 14 neighbors, enjoying more or less dream borders with 13 of them.

 

[Yommie]

The thread is about peaceful and no violence borders, China has 14 neighbors, enjoying more or less dream borders with 13 of them.

I have an idea how to turn that 13 into 14

Op piece: How BRICS can collectively gain from war

1. Russia gives the eastern half of Heixiazi island back to China. 2. China fights on Russia's side and helps Russia take the remaining part of Donba to compensate for the loss of the eastern half of Heixiazi island. 3. China gives Aksai Chin back to India and drops claim to South Tibet /...

defencepk.com

 

[Aziqbal]

no doubt it will trigger more economic growth between the two nations

a good move

 

[VCheng]

The girls in the clip said that it only took about 5 minutes to enter China, but for others, it might take longer. However, since you don’t need a visa to enter, waiting for a maximum of 1 hour should be enough I guess.

That is actually pretty quick. But the sensational OP was merely a dishonest boast. Typical.

 

[Beijingwalker]

That is actually pretty quick. But the sensational OP was merely a dishonest boast. Typical.

What sensational? all countries and people dream about having peaceful and friendly borders, not US?

 

[VCheng]

What sensational? all countries and people dream about having peaceful and friendly borders, not US?

Of course! Of course.

I can say USA introduces the double Big Mac. Again.

 

[Yellow is Okay]

That is actually pretty quick. But the sensational OP was merely a dishonest boast. Typical.

Now that I have finished rewatching the video, actually it took 5 minutes to step foot on Chinese soil. However, from there, you still have to line up to go through border check on the Chinese side. She didn’t mention anything about the waiting time, but as I said earlier, I don’t think it should take too long.

 

[VCheng]

Now that I have finished rewatching the video, actually it took 5 minutes to step foot on Chinese soil. However, from there, you still have to line up to go through border check on the Chinese side. She didn’t mention anything about the waiting time, but as I said earlier, I don’t think it should take too long.

Freedom to travel and freedom to associate is a beautiful thing indeed. Anything that helps ease of travel is wonderful, no doubt.

 

[BHAN85]

This is what friendship between 2 nations look like. It's something Westerners can only dream of. Westerners only know war. Westerners cannot comprehend peace.

are you kidding? total free pass borders is something common in the West.

 

[Yommie]

are you kidding? total free pass borders is something common in the West.

It is Western liberal policy but it invites a lot of illegal immigration.

 

[Beijingwalker]

China’s Yuan Topples Dollar as Most Traded Moscow Currency​

January 16, 2024

Yuan trading accounted for more than 40% of all foreign currency changing hands on the Moscow Exchange in 2023, triple the year before​

Moscow is becoming increasingly dependent on Beijing. Photo: Reuters

Trading volumes in Chinese yuan on the Moscow Exchange overtook the US dollar in 2023, as Russia continues to shun the greenback in the face of crippling Western sanctions on its financial system.

Moscow is becoming increasingly dependent on Beijing and the “no limits” partnership between the two countries, having increased energy supplies to China and stepped up purchases of Chinese goods from cars to smartphones as European and US brands left the Russian market over Russia’s actions in Ukraine.

Yuan trading accounted for almost 42% of all foreign currency traded on the Moscow Exchange, with the volume in 2023 more than tripling year on year to 34.15 trillion roubles ($391.5 billion), the Kommersant daily reported on Tuesday, citing Moscow Exchange data.

The dollar’s share stood at 39.5%, with a volume of 32.49 trillion roubles, down from 49.90 trillion roubles in 2022 and a more than 63% share. Yuan trading accounted for a 13% share in 2022.

Unable to trade in what Moscow now considers “unfriendly” currencies like dollars and euros, Russia is seeking to foster trade elsewhere.

China’s use of yuan to buy Russian commodities has sharply increased. China’s 2023 two-way trade with Russia hit a record $240 billion, Chinese customs data showed last week, up 26.3% from a year earlier.

Russia has ramped up imports invoiced in yuan. Over-the-counter trading of the Emirati dirham and Indian rupee has also grown significantly, although exchange trading in those currencies has not yet been launched.

China’s Yuan Topples Dollar as Most Traded Moscow Currency

Yuan trading accounted for more than 40% of all foreign currency changing hands on the Moscow Exchange in 2023, tripling year on year

www.asiafinancial.com

 

[Yommie]

I find Chinese currency colorful. US currency is bland.

 

[F-22Raptor]

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https://www.wsj.com/economy/central-banking/chinas-economy-limps-into-2024-718d9a4a