Nobody likes the Chinese. They break their word all the time in business.
They will never be the world's reserve currency because no one likes them.
And so where do they go? If they don't sell their cheap sweat shop junk to American and other global markets, they will collapse.
Their dollars can buy commodities but even in that trade they are considered difficult pain in the *ss buyers.
Are they going to buy arms, jets, cruise missiles, Carribean islands? What? And for what?
I would not want to be Chinese. Behind the layers of their onion peel, they are screwed.
What are they going to invest in?
DHL Deutsche Post
DB DeutscheBahn
T-Mobile Deutsche Telecom
Electricite de France
Airbus
That would be a few.
What are they gong to invest in? What are the ‘real assets’ they will invest in? /// gold? oil reserves? or companies that are known to do good in recessions?
Chinese Real Estate? No one else will. Anyway all things considered $300 million is a pittance.
China’s been taking those US dollars and investing big-time in SE Asia, central Asia, and Africa. Locking up multi-decade deals for raw resources: oil, minerals, even just buying land. They’re using US dollars to position themselves as THE resource-baron of the future.