Independent thinking for complex markets and current events
Let me spell this out for everyone: The fact that China wants the world to use the Yuan as the reserve currency, and not the US Dollar, is de facto signaling that it will be backing the Yuan with Physical Gold. China's (and Russia's) position is that the US Dollar is backed… https://t.co/SqvvHfLsyj — Vinny …
The Shanghai Cooperation Organization summit did not signal unity. It revealed fracture wrapped in ceremonial silk. Xi Jinping’s unveiling of the Global Governance Initiative was not a blueprint. It was a warning. “Global governance has come to a new crossroads,” he said. source The crossroads is a mirage. The road behind is scorched. The road …
🇨🇳 CHINA’S NEW TRADE POLICY: FAFO Beijing’s throwing shade and warnings to its trading partners: cut deals with the U.S that sideline China and get ready for “resolute and reciprocal” payback. Trump’s reportedly offering tariff perks to countries that play ball with the U.S and… https://t.co/e64wUgVBEM pic.twitter.com/26m7IWj9jR — Mario Nawfal (@MarioNawfal) April 21, 2025 🇨🇳XI’S …
Tencent, others begin enforcing China’s new oversight move on apps. Mobile app stores in China run by Tencent Holdings (0700.HK), Xiaomi (1810.HK) and others have started to bar app publishers from launching new apps if they do not make all the disclosures required by authorities, documents seen by Reuters showed. The moves comply with new …