So many Western countries have criticised China with regard to human right and many other issues that do not acceptable in the world of democracy but they all have agreed to have conducted the business investments and international trades with China, even agreed to directly use Yuan and Euro Dollars for the clearing system. With regard to the human right issue, the volume of trade with China is very substantial; big enough that it could make the human right issue become peripheral in the eyes of many Western governments. Interestingly, there have not been many news or deals in the past few months between Europe and the USA with the exception of the deal about war i.e war in Ukraine, Iraq, Syria and Egypt whereas there have been the growing trend of international trades between these European countries with China. Especially these countries agreed to use the direct clearing system between Yuan and their currencies i.e. Euro dollar and Pound sterling. Not only are the Western countries but many asian countries and Australasia countries are also agreed to use the direct clearing system between their countries currencies with Yuan of China, for instance, India, South Korea, Thailand, Burma, Cambodia, Malaysia, Singapore, Australia, New Zealand and many more from the Arab world and countries from the African continent where China has recently invested. The questions today are How would this trend affect the US dollar and eventually the US economy? Chinese Yuan or American Dollars, which one will become the stronger currency and dominate the worlds business? An interesting story of the world that needs to closely follow; it is interesting indeed... :)
Posted on: Sun, 06 Jul 2014 05:51:51 +0000
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