2.08 trillion! IMF report: US dollar rankings have fallen again, the yuan has risen first, Trump...

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2.08 trillion! IMF report: US dollar rankings have fallen again, the yuan has risen first, Trump...

2018-12-26 10:25:23 470 ℃

Abstract: Not only to restore crude oil imports, but also to buy 2.03 million tons of US beans, can Trump "abacus" be satisfactory?

Compared with the six major currencies, the yuan rose first!

[One Niu Finance] News: Jinqiu has passed, the winter is coming, and there is still no distance from 2019. Until a week.

Recalling this year, although Trump continues to "catch up" countries and attempt to curb the development of China's economy, what I did not expect is that from the "golden tide" to the internationalization of the renminbi, China is on the way forward. Go further and further.

As of now, China has signed currency swap agreements with 38 countries this year. The scale of the agreement has reached 4.2 trillion, and more than 60 countries have included the yuan as a reserve currency.

According to the IMF, the current share of the global foreign exchange reserves has risen from 1.84% to 2.12%, which is the highest in the world's top six currencies.

At the same time, ICBC is currently negotiating with Myanmar and it is expected that the RMB will soon become the legal settlement currency for China-Myanmar trade.

However, the US economy has been greatly dragged down. Not only has the dollar accounted for 62.27% of global foreign exchange reserves, but the World Bank reported a decline in rankings.

World Bank "2019 Business Environment Report"!

A few days ago, the US media published an article showing that the World Bank issued a "warning" to China, suggesting that China plus Great efforts to "correct" trade practices.

However, for this statement, the Chinese Foreign Ministry has stated its position and clearly stated that the World Bank has positively affirmed the Chinese government’s policy measures to promote economic growth, and did not mention the “warning”, the US media report. Not accurate.

And the World Bank recently published the Business and Environment Report for 2019, and this year's report assesses the rankings of business rules and their implementation in selected cities from 190 countries and regions. . The top ten are:

New Zealand, Singapore, Denmark, Hong Kong, Korea, Georgia, Norway, USA, UK, Macedonia

According to the report, China’s 78th report from 2018 increased by 32 to the 48th in the 2019 report, and the United States fell from the 6th to the 8th.

And, the head of the Global Indicators Group repeatedly praised China, saying that this year is a "extraordinary" year for China, and efforts have not been in vain.

US Treasury Secretary: I hope China will expand its trade with the United States, China responds...

But After all, the United States has occupied the largest economy for a long time, and China’s development may also “shake” its hegemonic status.

So, during this time, Trump actively communicated with China and hoped to reach an economic and trade agreement as soon as possible. At the same time, US Treasury Secretary Mnuchin said that he expects China to expand imports to the United States and achieve trade balance. .

So, how much do you expect?

According to customs data, the bilateral trade between China and the United States in November 2018 is as follows, which is denominated in US dollars:

  • Total trade: 4.02 trillion

  • Export to the United States: 3.02 trillion

  • Imported from the United States: 998.03 billion

  • Trade surplus: 2.02 trillion

From the above data, it can be seen that China’s exports to the United States are far greater than those of imported United States, and the United States’ trade with China. The deficit reached 2.59 trillion yuan last year. The trade deficit with China in the first three quarters of this year has reached 2.08 trillion yuan, up 9.9% year-on-year.

However, due to Trump’s trade policy with Iran, the supply of crude oil was greatly reduced, so China had to resume US crude oil imports in November.

However, after resuming the import of crude oil, Trump "played a slippery head" and said in this trade consultation that he hopes China will repurchase US beans.

Although, during this agreement, China has repurchased 2.03 million tons of US beans. But in the near future, China has also signed food import agreements with Brazil, Argentina and Bolivia. This means that in the future, in addition to the US soybeans, soy in these countries will continue to be shipped to Chinese ports.

So, do you think that Trump’s “wishful calculation” to return to the Chinese market can still be made?

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