@vishal_bindal Indeed, we're entering a time of uncertainty, marked by economic challenges and adjustments.
Yet, it will offers significant opportunities for the countries making strategic moves.
#China-#Saudi Currency Swap: A Thread 🧵
1️⃣ #China & #SaudiArabia have inked a $7 billion currency swap, marking a strategic move away from the #USDollar.
This agreement, while modest in size, holds symbolic weight in the context of global #Dedollarization trends.
@TheTomar 3-⬇️ social spending which is furthered by migrants crisis
4- as weak USD can't sustain current level of imports whole supply chain can get a hit
Let's see where it will finally lead to
#reset
@TheTomar This will finally lead to lower USD demand in international markets and higher inflation in US with following effects
1-⬇️sale of US treasury bonds with higher interest rates
Currently China is biggest holder of US treasury bonds
2- ⬇️ US defence budgets
#China-#Saudi Currency Swap: A Thread 🧵
1️⃣ #China & #SaudiArabia have inked a $7 billion currency swap, marking a strategic move away from the #USDollar.
This agreement, while modest in size, holds symbolic weight in the context of global #Dedollarization trends.
Minister @DrSJaishankar illuminating #India's dynamic ascent on the global stage!
From purposeful leadership at the #G20 to impactful regional engagements, it's a testament to #IndiaRising🇮🇳.
Embracing multipolarity & shaping a resilient global future
https://t.co/XAD16698jk
5️⃣ #Beijing's push for internationalization extends to #PandaBonds, inviting foreign investors into #Chinese markets.
These collective efforts reflect #China's ambition to reshape the global economic landscape & challenge the dominance of the #USDollar.
#CurrencySwap
4️⃣ Beyond this agreement, #China is actively pursuing the internationalization of the #Yuan.
The motive is clear: reduce reliance on the #USDollar.
Similar currency swap deals with nations like #Argentina and a total of 29 active agreements showcase #China's strategic moves.
Once a beacon of progress & beauty in the #MENA region, #Syria stood as a testament to advancement.
Tragically, the landscape shifted dramatically in 2011, marred by the disruptive forces of #Geopolitics that cast a shadow over its former glory.
The world is now in a crucial phase; testing #Weapons & #Munitions to prepare for #TheGreatWar.
It's a time of intense preparation for #GlobalConflict.
This could go on for a little while before everything breaks loose.
🇨🇳’s long-term growth numbers just aren’t there.
“More than three-quarters of the foreign money that flowed into China’s stock market in the first seven months of the year has left, with global investors dumping more than $25bn worth of shares despite Beijing’s efforts to restore confidence in the world’s second-largest economy.” 1/
“What convinces a portfolio manager running an $1bn fund to put 10 per cent of that back into China?” said the trading desk head in Hong Kong. “The answer is decent upside long-term growth numbers — if you can’t get that, investors won’t go there.” 2/
Brussels’ model for Europe leads to chaos. We don’t want to be #Soros’ debt slaves, we don’t want to live in a zone of gang wars and we don’t want to live in a world of #migrant ghettos. It’s time for a change in #Brussels!