China started a currency war against the United States

Recently we Reportedthat the trade war between the US and China did not end, because the parties could not agree and failed negotiations. And so, after the U.S. President, Donald Trump, announced the introduction of new duties in September 2019 against the export potential of China, the renminbi (Chinese currency) depreciated sharply against the US dollar, falling to almost 7 yuan per 1 dollar .




Experts immediately described this as the beginning of the currency war of Beijing against Washington, because the lower the renminbi, the better for Chinese exporters. In fact, this is a new phase of the economic confrontation between the two strongest states of the planet.

It should be noted that the trade war between the United States and China began in the spring of 2018. Its initiator was Trump, who decided to make his own adjustments to US relations with other countries. For starters, he increased duties on many Chinese products to 25%. The Chinese comrades began to reciprocate, introducing retaliatory duties on goods from the United States. The parties have repeatedly (12 times) tried to agree. But, as mentioned above, the negotiations were unsuccessful, and their prospects are vague.

How Washington will respond to the change in the renminbi is not yet known. But the fact that there they will perceive it without enthusiasm is unequivocal. At the same time, they immediately declared from China that they did not "put their hands" on the exchange rate of their currency, calling it market reaction and factors of instability in bilateral relations. Moreover, the People’s Bank of China has already issued a formidable official statement in which it warned traders that speculation in the foreign exchange market is unacceptable, threatening them with possible material losses.

We remind you that in November 2020, the next US presidential election should be held in the United States. The current owner of the White House hopes for victory, showing steady growth economics USA. However, China’s opposition to pressure could harm Trump, who is trying to be re-elected at the expense of others.
  • Photos used: https://asia.nikkei.com/
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  1. gorenina91 Offline gorenina91
    gorenina91 (Irina) 5 August 2019 21: 43
    -1
    - The eternal potential adversary of Russia - the United States, and Russia's potential tomorrow is a very dangerous enemy, a "parasitic partner" - China, started a confrontation between themselves ...

    - And what should Russia do ???
    - And Russia should pursue exclusively its own policy, which Russia needs as an independent independent state ... -That's all ... ... namely:
    - Ignore the fictitious erroneous political formula: Russia + China ... - against the USA; and vice versa...
    - To whom and why should Russia provide support (and even always ... - to the detriment of itself) ...

    - Today Russia absolutely does not need China, but China today needs Russia like air ...
    - So why does Russia extol China so much ... - And with what fright did Russia forward the Power of Siberia gas pipeline to China in order to pump free Russian gas there ??? - Who will explain - what is the benefit for Russia - to supply gas to China for free ??? - What kind of dependence of Russia on China and who invented it ??? - After all, at worst, Russia should today treat China in about the same way as India ... - without any servility - and nothing more ... - so where did this servility towards China come from ???
    - Someone will say that Russia depends on Chinese consumer goods, metal, some high-power cranes ... - Yes, it's simple - Hahah ...
    - So it happened that China suddenly didn’t deliver all this to Russia ... - And what ???
    - Yes, after this ... - Russian small and other enterprises will grow easily and simply, right from under the ground, which will begin to flood our market with nails, and self-tapping screws, and building materials; and all sorts of junk that is sewn, assembled, glued and smelted ... - And the factories will easily and simply release so much metal, and all kinds of cranes and other things ... that in a short time our people will forget about what it is when China imported us ... - And today, our plants deliberately spread rot and sabotage so that China could freely import its junk ...
    - Today a unique situation has arisen, when Russia can absolutely strongly strengthen its position very bloodlessly and non-sporadically ...
    - Relations with the United States with Russia are already clear ... - there is no need to change anything too much (just keep the "powder dry") ...
    - But with China - everything is different ... - Today, Russia should abruptly aggravate and change relations with China (no, not a break in diplomatic relations and, of course, not a declaration of war), but a change in terms and revision of many treaties with China that Russia waved to the detriment of itself ... - Review of gas prices, and no calculations in RMB and Chinese consumer goods supplied ... - but only in hard currency (dollar, euro) ...
    - No enmity and confrontation - it's just time for Russia to put China "in its place" ... - that's all ...
    1. SANDRO Offline SANDRO
      SANDRO (Sandro) 6 August 2019 09: 41
      0
      Dear Irina! I understand your patriotic intensity, but, as you put it

      Put China in place

      it's already late, and here ALL the blame for its prosperity lies with the USSR / Russia! (I am writing together, since in foreign policy it is one and the same). When the West, apparently having calculated the situation ahead, began to confront China, the USSR / Russia, having previously "infected" them with the idea of ​​communism, embraced Mao! The country where in the 50s - 60s there was no running water, power plants, sewerage, roads and just food, the USSR / Russia, in spite of the West, and, as always, to the detriment of its own people, raised it from its knees! Today, pretending to be madly in love with Russia, this is an education hostile to the whole world !!!
    2. 123 Offline 123
      123 (123) 6 August 2019 12: 14
      +2
      Excuse my curiosity, why is the gas free? Maybe you will announce the cost? In terms of pumped volume, Power of Siberia is slightly less than Nord Stream, but without any energy packages, it can be used at full capacity, and not by 50%. Russia, despite these humiliating restrictions, continues to supply gas to Europe. Maybe it's time to put them in their place and rewrite contracts? By the way, can you tell me how you can just take and rewrite the contract? You can get out, but can you imagine the consequences?
      And the contract with China, it seems, was signed for $ 400 billion (not RMB).



      Improving relations with China has its advantages, for example, poultry meat producers have gained access to the bottomless Chinese market.

      https://www.agroinvestor.ru/companies/news/31427-spisok-eksporterov-uvelichilsya-do-30/

      And about

      No RMB and only hard currency.

      - Settlements without dollars is a worldwide trend, and this is not done from a good life (here, our native propagandists briefly link here).

      But we, of course, need to trade only in dollars and wait, will the Americans allow the deal or not? (there are no fundamental differences in the euro, only they do not abuse it, yet ......).
      1. gorenina91 Offline gorenina91
        gorenina91 (Irina) 6 August 2019 13: 05
        +1
        I always try to answer the questions posed to me personally ... But in order to answer you, I will have to start "from Adam and Eve" ... - You, of course, immediately ask: "Why from Adam and Eve, and they here???" ... - And I will answer you .... - Read my comments (this is how I will populize myself ... - Hahah ...) - there I have already written many times about the worthlessness of Russian gas pipelines laid in Zap. Europe, and Turkey, and China ... - I'm just tired of repeating myself ...
        - But still ... - in a nutshell:
        Russian gas, basically, lies far in the Far North - in swamps, swamps, at great depths ... - And "light" and "cheap" gas, which in Turkmenistan and Kazakhstan - Russia is very simple ... like a fur coat from its shoulders, gave it to the new limitrophes ... - and so easily ...
        And therefore, the gas that Russia produces today is very expensive at cost; and the enormous costs of pumping the gas itself to thousands and thousands of kilometers; and even the maintenance of the gas pipelines themselves; moreover, payment to shift workers, etc. and the like ... - That's the whole secret of Open Sign ... - How much we spend and at what price we sell ... - The difference is on taxpayers ...
        And with China - it’s a complete robbery for Russia ... - Not only will the cheap price, but also the payment, most likely be in multi-colored candy-yuan, with Chinese products and other consumer goods ...
        For what, Turkmen gas is several times cheaper (in terms of cost) than Russian gas, so Turkmenistan can hardly make ends meet with these gas supplies to China ... - that's how it "got rich" ... - What about Russian gas? talk ... - I won't talk about LNG anymore ... it's a big topic ...
        As for the supply of our products to China (chickens, ice cream, dairy products), it’s not so simple here either ... - After all, the Chinese will take only the best and natural ... - And then who in Russia will get everything, already widely promoted in Russia, "palm food consumer goods"?
        Anyway ... - it’s somehow strange ... - Russia still can’t cut boards, import lumber and wood products for import, and it drives one cheap round timber to China ... - And then suddenly decided to go to China supply...
        Personally, I will not be surprised if China starts exporting to all countries (including Russia) products from Russian chickens (ready-made grilled chicken for microwave ovens, or some Chinese delicacies from chickens, etc.) ... - So we will get our chickens back, but in a different capacity ... - in bright packaging and already "at a different price" ... -Hahah ...
  2. SANDRO Offline SANDRO
    SANDRO (Sandro) 6 August 2019 09: 23
    +1
    I liked the title of the article very much! But the point is that it is impossible to start any war against the United States, let alone a currency one! If the United States wants it, then in all banks and banking systems of the world complete chaos will begin! For those who do not understand what I am talking about, I explain: SWIFT is US property, and without it, not a single coin can go anywhere! And I also want to appeal to all the scribblers on the margins of the "Internet" (which is also owned by the United States): do not get high from the thought that something bad can happen to them! If the United States really starts to have big problems, then this will not seem enough to anyone!
    1. gorenina91 Offline gorenina91
      gorenina91 (Irina) 6 August 2019 12: 17
      0
      - Yes, I personally wrote that China is the universal Antichrist ... - There are monstrous diseases in the world that mankind cannot defeat ... - China is one of the varieties of these deadly diseases ...
      - Yes, it was the USSR that synthesized, nurtured, homunculated, and practically created out of nothingness this world evil - modern China ... And this "homunculus-cadaver" very quickly began to get out of the control of its creator ... - And this immediately used the United States (also - to their misfortune) ...

      - Personally, I am not a supporter of the United States (and never have been), but the United States, at least today, is trying to correct its "mistake" and to drive the presumptuous homunculus into a stall. At least based on their "selfish interests" ... - Even so ...

      - But Russia doesn’t care at all ... - Russia continues to click and is ready to do anything to save (albeit at the cost of its existence) this gigantic, greedy, pseudo-prosperous (and deadly dangerous, primarily for Russia itself), hegemonically parasitic on all Russian virtues and material values ​​... - thoroughly cynical, insidious, gluttonous and deceitful neighboring state ...
      - Many "smart guys" on the site, as well as secret adherents (latent Chinese) of China (there are plenty of them on the site) ... are also ready to swear allegiance to China ... - But only these "smart guys", unfortunately, do not have enough " consciousness "to understand that for the" latent "they exist as" potential food ", which they will become when the need for them disappears ...

      - Here neighboring Kazakhstan was less fortunate ... - There, China is already in full swing acquiring and "developing" the territory ... - And the local "bakhtiyars", "bakhyt-compotes" and "other local", he is not interested at all ... all you need is compote, compost and "other pleasures" ....
      - But, nevertheless, local Russian "bakhtiars" and others like them, can still be "clever" with might and main and have supporters in this field ... - for now, have ... - And what will happen next ... - Ah how easy it is to be an ostrich ... - Hahah ...
      1. Bakht Offline Bakht
        Bakht (Bakhtiyar) 6 August 2019 15: 30
        -1
        Do not tell people, Irina. And do not get personal.
        Do you want to trade in "hard currency"?

        Flag in hand - wind in a hunchbacked back.

        Put Russia on the dollar. Remember once and for all. Today - the enemy of the Russian Federation - this is the United States. And not a hypothetical, but a real enemy.
        The passage about "free gas" was especially amusing. You might think that he goes to Europe straight from the European part of the Russian Federation. Directly from the suburbs. Moreover, there are sanctions, transit countries and political risks ... Have you sorted out all the arbitrations? Have you paid all billions? Gas to Europe (via transit countries) is much more unprofitable. Blow into your pipe. But don't make people laugh. Have you already sorted out the tanker?
  3. gorenina91 Offline gorenina91
    gorenina91 (Irina) 6 August 2019 17: 09
    +1
    Do not tell people, Irina. And do not get personal.
    Do you want to trade in "hard currency"?

    Flag in hand - wind in a hunchbacked back.

    Put Russia on the dollar. Remember once and for all. Today - the enemy of the Russian Federation - this is the United States. And not a hypothetical, but a real enemy.
    The passage about "free gas" was especially amusing. You might think that he goes to Europe straight from the European part of the Russian Federation. Directly from the suburbs. Moreover, there are sanctions, transit countries and political risks ... Have you sorted out all the arbitrations? Have you paid all billions? Gas to Europe (via transit countries) is much more unprofitable. Blow into your pipe. But don't make people laugh. Have you already sorted out the tanker?

    - What kind of inadequate, opposite to the stated perception? ...
    - With myself, or what, "I'm talking"? Are you adequate at all?

    - It is written in Russian in white that ... what ... what ... - Russian gas is very expensive in terms of cost (in terms of production itself ... - it is extracted from deep bowels that are located in northern, cold, hard-to-reach swamps, swamps and add transportation (we take only pipeline gas) through pipes for many thousands of kilometers (+ maintenance and repair of these pipes + many pumping stations, etc.). It's all terribly expensive ... - even to our settlements not we start gas ... - because it is so expensive and "unprofitable" ... - Who and when mentioned the Moscow region ... - who ... who ... who .. ????
    - And our gas is very expensive ... - and the one that is supplied to Zap. Europe, and the one that will be delivered to Turkey, and the one that goes along SP-2 ..., and the one that goes to China ...
    - Moreover, the "European racketeers" tried their best ... - Russia will pay them a "bribe" (there are so many conditions imposed there) from the entire turnover ... - And the entire European Court will never take the side of Russia ... - Formally, it can support Russia, but the final showdown will always not be in Russia's favor ...

    Read about the tanker in the topic "The United States suspects China of transporting Iranian oil" .., maybe you can figure it out ...

    - In general ... - I'm not interested in explaining all this to you ... - everything is perceived exactly the opposite ...
    - Maybe you need a translator? - Well - contact the address ...
    1. Bakht Offline Bakht
      Bakht (Bakhtiyar) 6 August 2019 21: 56
      -1
      But only in hard currency (dollar, euro).

      Are these your words? Are you adequate in general?
      Is the cost of gas or oil high? So this is not news. But you write

      to pump free Russian gas there ...

      Who told you that he was "free"?
      The gas that Russia pumped to Europe turned out to be unprofitable. Didn't you know that? Well then go to the Stockholm arbitration. They will explain to you on the fingers.
      Oh yes ... a tanker. We discussed the bulk barge that you attributed to China. China carries oil by supertankers. Why did you conclude that the tanker is connected with China?
      The translator will not help you anymore.
  4. Bakht Offline Bakht
    Bakht (Bakhtiyar) 6 August 2019 22: 07
    -1
    Today, Russia must abruptly aggravate and change relations with China (no, not a break in diplomatic relations and, of course, not a declaration of war), but a change in the terms and revision of many treaties with China, which Russia waved at the expense of itself ... - Revision gas prices, and no calculations in RMB and Chinese consumer goods supplied ... - but only in hard currency (dollar, euro) ...

    Only a clear enemy of Russia could write this. This is the blue dream of Western politicians. Put the Russian Federation in complete isolation. The states will close financial flows (for this we must switch to dollars), and break economic ties with China.
    Once again - this is the blue dream of the liberal bloc and ... In order not to offend the author, I can only call him a traitor to his homeland. Another definition would be offensive.
    1. gorenina91 Offline gorenina91
      gorenina91 (Irina) 7 August 2019 04: 35
      +1
      Only a clear enemy of Russia could write this. This is the blue dream of Western politicians. Put the Russian Federation in complete isolation. The states will close financial flows (for this we must switch to dollars), and break economic ties with China.

      One more time:

      This is the blue dream of the liberal bloc and ... In order not to offend the author, I can only call him a traitor to his homeland.

      And away we go ...
      Do you really not understand, or are you continuing to talk "to yourself"? I'm not going to explain and prove anything to you anymore ... - it's just that there is a conversation in different languages ​​... But in the end I explain it again ...
      To begin with, I explain ... - "gratuitous gas" ... is for "buyers" it is a kind of "gratuitous", but for Russia it is a very expensive gas in terms of cost (how much I wrote about the northern swamps, swamps and the difficulties of its production ) ... - what is there not to understand ...

      And nobody calls with China to break off relations ... - But to continue to serve China - this is the real betrayal. Russia has already slipped to the point that it supports China, only in order to simply support China, i.e. for Russia, China is always right that he would not take it ... That’s such obsequiousness of Russia to China in everything ..
      And with China, it is simply necessary to urgently revise all trade agreements, all "economic transactions"; clearly define the "settlement" (only in hard currency) for the supplied Russian gas; cancel all lease and mortgage scams for the "lease" of Russian territory for the use and exploitation of it by the Chinese at their own discretion ... etc, etc ...
      Such "cooperation" with China did not bring any benefit to anyone ... - not to Kazakhstan (where the Chinese are in charge today); nor Turkmenistan, which has been driving its free gas to China for many years, but somehow never got rich ... - But the Turkmens also wanted to rise and get rich, just as Arab sheikhs rose and got rich on their oil ... - Alas, this did not happen ... China is the world's octopus, which will never let anyone get rich ...
      Now Russia has followed in the footsteps of Kazakhstan and Turkmenistan ... - the finale of all this is known in advance ...
      So who is the traitor of his Fatherland ??? You can scream loudly about love for your homeland, and at the same time do the very opposite ...

      Yes, about a small tanker, "for which it is unprofitable to transport oil" because of its small displacement ... - And who says what is profitable? Was it said about it?

      And it was said that China, at least on a rowing boat, will carry oil from Iran, knowing in advance that this boat will be detained by the Guardians of the Islamic Revolution (or whatever they are) so that it becomes known to the WHOLE WORLD ... - And this is "news" would pour "salt on the wounds of the United States" ... and would show that there is a "consolidation of forces" against the United States in the Middle East ... and that there is opposition from the United States itself, which is ready to support Iran ..., i.e. harm the United States in every way ...
      That's it, I'm tired of explaining here every time "in rubles and apples" for the "most gifted" ... - This is a bad thing ...