Putin and Xi are reported to be meeting again in July.
Something big is going to happen. Probably the rolling out of an
alternative settlement system to rival SWIFT, together with a new
alternative global currency. They are probably putting in the final
touches during the coming meeting, after years of working on it.
This
is evidently a possible scenario, with China now confident enough to
retaliate against USA tariffs and doing the same favor to the USA, EU
and Japanese vehicle manufacturers. Is China ready to push the
boundaries in its de-dollarization agenda? The Chips war is backfiring,
with Huawei and SMIC competing well enough to cause unease in the
opposition camp. Once China holds the capacity to export exponentially,
it is the end of the Chips Alliance with all the investments and
subsidies poured in for nothing.
China has not yet leverage on
its EV capacity as only a small percentage of its EVs are exported as of
today. But the writing is on the wall and foreign EV makers worldwide
are in for a rude awakening within a year or two. Forget about the 100%
tariff against EVs made in China by the USA and soon the EU following
suit. The USA and the EU should worry more about their own carmakers
losing the China market instead of shooting their own feet.
Anonymous
3 comments:
Putin is also going to visit North Korea soon. Must be something important. To source for more weapons perhaps? Or just spreading the 'be prepared' motto that Putin is telling the Chinese as well. Putin may even be telling them we have your backs covered.
How could North Korea, a country sanctioned by the West for decades, is still able to produce weapons for helping Russia is a mystery. Are we being told the truth about North Korea? Some light could be shed in a video on the Jimmy Dore show in an interview with Haz Al-Din @ InfraHaz. Take that as just a personal viewpoint of the interviewee, but there are points touched on that are worth pondering.
If North Korea is as dirt poor or facing starvation all the time as what the West claims it to be, this really does not tally with what it is doing thus far. Firing rockets and missiles every now and then to celebrate USA, Japan and South Korea military drills, which are not cheap celebrations by any means. Their rockets and missiles may actually be cheaper than USA or Western made ones for sure, but certainly no junks. They work very well, even compared to rockets or missiles made by its enemies.
And North Korea is even sending up a spy satellite that is creating hysteria and nervousness to South Korea and Japan. Why need to fear when it is just junk that the Western funded social media is trying to tell the world?
'Boh Jeong Kiah' is what the Hainanese would like to say.
Aiya all the Daft countries should simply ignored the damn Americunts Rules Based Orders and have trade with Kim, Cuba and Venezuela and others.
Why followed the UAssA nonsense Sanctions?
Muslim countries are sanctioning potato chips now. They are boycotting McDonalds. The chips war is escalating.
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