Quote from: mvdheuvel1983 on May 08, 2023, 06:15:31 AM

Quote from: Susano on January 24, 2023, 09:06:53 AM

China is sprinting its testing on the digital yuan. It will not take too long before the digital Yuan is executed and it believes China will become less independent of the US Dollar.

China would do anything to be free from the US Dollar. I wait for the time when it becomes a reality and would like to see if will enable achieve the financial dominance, they think is being suppressed by the US dollars.
Assuming this happens, the next thing we would hear is that they are trying to dominate the BRICs. Well, that's by the way what I like about its central bank digital currency (CBDC) is that, it has been in developed since the past couple of years. And it has gone through several testing phases unlike other countries that just jumped into it without any test and the project is failing woefully becasue they didn't do their due diligence.

"China will do everything to get rid of the US dollar. I'm waiting for the time when this becomes a reality, and I would like to see if this will achieve the financial dominance that, in their opinion, is suppressed by the US dollar."

You can reasonably prove:
1. China got free from the dollar? Those. did he become INDEPENDENT FROM THE DOLLAR? Arguments and facts - in the answer, I'm waiting

2. "SUPPRESSED BY DOLLARS" - give examples and arguments of how the dollar suppressed the Chinese economy with dollars.

And additional, "homework": Tell me about:
- the structure of China's gold and foreign exchange reserves
- the structure of the Chinese economy (orientation and flows of money, in what currencies)
- about the structure of internal and external debt obligations (in terms of debt currencies) ?

And we will get a real picture, ok? Or don't expect answers? It’s just that they are all easily verifiable, I’ll warn you right away ....