velu Posted March 19, 2019 Author Share Posted March 19, 2019 @mishra bhai .. you are mixing banks with banking ( + asset and fund managing ) london is still the worlds financial capital , even though their industrial might got over 50 years back .. frankfurt is peanuts when comapred to london , even though germany is the industraial capital of eu a.. Singapore has bigger financial sector than mumbai .. Link to comment Share on other sites More sharing options...
mishra Posted March 19, 2019 Share Posted March 19, 2019 Velu, when Yuan was supposed to be declared reserve currency, I rememeber EU voicing opposition. What did Chinese do? The gave a good spanking to EU by buying Eastern EU block. So EU did know that if they aren’t united with Trump, Chinese will whoop their ar ses. so right now, Everyone is coming together. Will China deAl with this new eqattion. Time will tell. Militarily , they are clearing Indian ocean. Just two weeks back Mauritious asked UN , which in turn told UK to leave their island. So all in all next 10 years will tell if we can decide which side to be on. We don’t want risk to be a failure like NAM during Nehuru era. Link to comment Share on other sites More sharing options...
mishra Posted March 19, 2019 Share Posted March 19, 2019 43 minutes ago, velu said: they are already losing the economic war .. china is begging trump and usa and not the other way around .. china is begging not to tariff them , and not the usa asking china not to tariff them .. Both are asking each other not to Tariff while both are tariffing. As I said, Best policy for India is too keep Mum and watch Uncle Sam to take down the dragon along with his allies. Proportionate Difference between India and China is same as proportionate difference between Pakistan and India. Look where Pakistanis are for directly confronting India. velu 1 Link to comment Share on other sites More sharing options...
mishra Posted March 19, 2019 Share Posted March 19, 2019 50 minutes ago, velu said: banking sector and banking is totally different .. china even banned short selling equities when their mkt was tanking.. having bigger banks doesnt mean they have better banking sector or bigger banks .. ( i really doubt china overtaken in robotics and manufacturing .. west simply pushed labor intensive things to poorer countries ) there were reports that people or organizations which liquidate will be punished 30 minutes ago, velu said: @mishra bhai .. you are mixing banks with banking ( + asset and fund managing ) london is still the worlds financial capital , even though their industrial might got over 50 years back .. frankfurt is peanuts when comapred to london , even though germany is the industraial capital of eu a.. Singapore has bigger financial sector than mumbai .. Agree with both. But i am seeing green shoots of Banking in China, specially since acquisition of Hong Kong velu 1 Link to comment Share on other sites More sharing options...
velu Posted March 19, 2019 Author Share Posted March 19, 2019 (edited) 7 minutes ago, mishra said: Both are asking each other not to Tariff while both are tariffing. As I said, Best policy for India is too keep Mum and watch Uncle Sam to take down the dragon along with his allies. Proportionate Difference between India and China is same as proportionate difference between Pakistan and India. Look where Pakistanis are for directly confronting India. no .. you are wrong , usa is the one started it and most of the action by china is retaliatory china cant tariff on us products beyond some limit .. latest offer by china is , they suggested that they buy crude from usa to decrease the deficit , trump & co rejected it like a boss 2018:- usa exported 120 billion usd worth of goods to china .. usa imported 540 billion usd worth of goods from china .. this is simple to conclude , who is winning the trade war .. and who will win the trade war one very big advantage usa has over india when comes to dealing china is that , usa still has got the capacity in manufacturing .. like they can compeltely ban chinese solar panels and can manufacture by themselves ( with higher cost ) .. but india cant do that , we need to import it frm korea or japan instead of manufacturing it by ourself Edited March 19, 2019 by velu mishra 1 Link to comment Share on other sites More sharing options...
mishra Posted March 19, 2019 Share Posted March 19, 2019 (edited) 14 minutes ago, velu said: no .. you are wrong , usa is the one started it and most of the action by china is retaliatory china cant tariff on us products beyond some limit .. latest offer by china is , they suggested that they buy crude from usa to decrease the deficit , trump & co rejected it like a boss 2018:- usa exported 120 billion usd worth of goods to china .. usa imported 540 billion usd worth of goods from china .. this is simple to conclude , who is winning the trade war .. and who will win the trade war one very big advantage usa has over india when comes to dealing china is that , usa still has got the capacity in manufacturing .. like they can compeltely ban chinese solar panels and can manufacture by themselves ( with higher cost ) .. but india cant do that , we need to import it frm korea or japan instead of manufacturing it by ourself Keep fingers crossed and hope we have a successive Modi government. Just remember, We have already lost Nepal, Srilanka, Myanmar,Mauritious, PoK to China in last 10 years. We defended Bhutan and Bangladesh. Chinsese never imagined that we will go all out Pakistani way for Bhutan/Doklam. We may gain Sri Lanka, Myanmar too. Edited March 19, 2019 by mishra velu 1 Link to comment Share on other sites More sharing options...
velu Posted March 19, 2019 Author Share Posted March 19, 2019 4 minutes ago, mishra said: Keep fingers crossed and hope we have a successive Modi government. Just remember, We have already lost Nepal, Srilanka, Myanmar,Mauritious, PoK to China in last 10 years. We defended Bhutan and Bangladesh. Chinsese never imagined that we will go all out Pakistani way for Bhutan/Doklam. We may gain Sri Lanka, Myanmar too. modi is still too soft when comes to china like you mishra 1 Link to comment Share on other sites More sharing options...
mishra Posted March 19, 2019 Share Posted March 19, 2019 58 minutes ago, velu said: modi is still too soft when comes to china like you India as a Nation has massive soft Power Link to comment Share on other sites More sharing options...
Pollack Posted March 19, 2019 Share Posted March 19, 2019 6 hours ago, velu said: modi is still too soft when comes to china like you Actually he has no answers. Even Imran Khan outdid him in diplomacy recently. He has the right approach but no resource or ideas to tackle situations. He does 10% good work and advertises it as revolutionary. velu 1 Link to comment Share on other sites More sharing options...
Global.Baba Posted March 20, 2019 Share Posted March 20, 2019 Voting for BJP is like You have to defend 4 runs in the last over and your options are Umesh Yadav, Unadkut, Sreenath Arvind and Ashok Dinda. You know it’s a lost cause but you have no other option but to go with Umesh Yadav and pray for the best. Modi the PM is like Dhoni the keeper You know he is not a match winner any more but atleast he will be steady and adequate and the others are either TTF’s like DK and Pappu (Jaitley and Swaraj) or Rookies who haven’t established themselves. mishra, Turning_track, velu and 1 other 4 Link to comment Share on other sites More sharing options...
velu Posted March 20, 2019 Author Share Posted March 20, 2019 4 hours ago, Global.Baba said: Modi the PM is like Dhoni the keeper You know he is not a match winner any more but atleast he will be steady and adequate and the others are either TTF’s like DK and Pappu (Jaitley and Swaraj) or Rookies who haven’t established themselves. modi is like dhoni chasing 260 runs .. instead of finishing it in the 46th over , he is taking us to the 50th over .. Link to comment Share on other sites More sharing options...
R!TTER Posted March 21, 2019 Share Posted March 21, 2019 Lots of misconceptions about China's curent ability, heck if we throw the "Yuan peg to the dollar" out for a toss - the Chinese economy goes into a downward spiral. Here people still don't get it, why China is investing trillions in OBOR - hint starts with an E ends with S. The U.S. debt to China is $1.13 trillion as of January 2019. That's 28% of the $3.97 trillion in Treasury bills, notes, and bonds held by foreign countries. The rest of the $22 trillion national debt is ownedby either the American people or by the U.S. government itself. China has the greatest amount of U.S. debt held by a foreign country. Japan comes second at $1.07 trillion, followed by Brazil at $305 billion. Ireland holds $270 billion, and the United Kingdom owns $272 billion. The map below shows a breakdown of the top five countries owning U.S. debt. Combined, they hold almost 77% of U.S. debt held by foreign countries. China has reduced its holdings of U.S. debt since November 2013, when it held $1.3 trillion. It wants to allow its currency, the yuan, to rise. To do that, China had to loosen its peg to the dollar. That made the yuan more attractive to forex traders in global markets. Long-term, China wants the yuan to replace the U.S. dollar as the world's global currency. China is also responding to accusations of manipulation. Most countries want their currency values to fall so they can win the global currency wars. Countries with lower currency values export more since their products cost less when sold in foreign countries. Before February 2014, China had been strengthening the yuan to dollar conversion in response to U.S. pressure. But it reversed course when the dollar rose 25% in 2014 and 2015, creating an asset bubble. Since the yuan's exchange rate was fixed to the dollar, the increase dragged the yuan's value up with it. China had to manually lower the yuan's value to remain competitive with other emerging markets that had free-floating currencies. In 2018, the dollar began weakening again. When that happened, China could allow the yuan's peg to the dollar rise without hurting its competitiveness with its neighbors. China has held more than $1 trillion in U.S. debt every year since 2010. That's when the U.S. Department of the Treasury changed how it measures the debt. Before July 2010, Treasury reports showed that China held $843 billion in debt. This makes it difficult to make long-term comparisons. How China Became One of America's Biggest Bankers China is more than happy to own almost a fifth of the U.S. debt owned by foreigners. Owning U.S. Treasury notes helps China's economy grow. It keeps the yuan weak relative to the dollar. As a result, Chinese exports are less expensive than U.S. products. China's highest priority is creating enough jobs for its 1.4 billion people. The United States allowed China to become one of its biggest bankers because the American people enjoy low consumer prices. Selling debt to China pays for federal spending that spurs U.S. economic growth. It also keeps U.S. interest rates low. But China's ownership of the U.S. debt is shifting the economic balance of power in its favor. Why China Owns So Much U.S. Debt China makes sure the yuan is always low relative to the U.S. dollar. Why? Part of its economic strategy is to keep its export prices competitive. It does this by holding the yuan at a fixed rate compared to a "currency basket" of which the majority is the dollar. When the dollar falls in value, the Chinese government uses dollars it has on hand to buy Treasuries. It receives these dollars from Chinese companies that receive them as payments for their exports. China's Treasury purchases increase demand for the dollar and thus its value. China's position as America's largest banker gives it some political leverage. Now and then, China threatens to sell part of its debt holdings. It knows that if it does, U.S. interest rates would rise, slowing U.S economic growth. China often calls for a new global currency to replace the dollar, which is used in most international transactions. China does this whenever the United States allows the value of the dollar to drop. That makes the debt China holds less valuable. What Happens If China Called in Its Debt Holdings China would not call in its debt all at once. If it did, the demand for the dollar would plummet. This dollar collapse would disrupt international markets even more than the 2008 financial crisis. China's economy would suffer along with everyone else's. It's more likely that China would slowly begin selling off its Treasury holdings. Even when it just warns that it plans to do so, dollar demand starts to drop. That hurts China's competitiveness. As it raises its export prices, U.S. consumers would buy American products instead. China could only start this process if it further expands its exports to other Asian countries and increases domestic demand. China's Debt-Holder Strategy Is Working China's low-cost competitive strategy worked. Its economy grew 10% annually for the three decades before the recession. As of 2018, it's growing at almost 7%, a more sustainable rate. China has become the largest economy in the world, outpacing the United States and the European Union. China also became the world's biggest exporter in 2010. China needs this growth to raise its low standard of living. Despite its threats, China will continue to be one of the world's largest holders of U.S. debt. https://www.thebalance.com/u-s-debt-to-china-how-much-does-it-own-3306355 Link to comment Share on other sites More sharing options...
velu Posted May 1, 2019 Author Share Posted May 1, 2019 @vayuu1 bhai .. looks like i was slightly wrong i genuinely believed that bjp/modi was handling china softly Link to comment Share on other sites More sharing options...
coffee_rules Posted May 1, 2019 Share Posted May 1, 2019 China for first time recognized J&K and Arunachal Pradesh as part of India officially! mishra 1 Link to comment Share on other sites More sharing options...
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