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China raises five demands during Yellen’s visit
(asiatimes.com)
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this post was submitted on 11 Jul 2023
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Again, you can't just magic industry into existence. It takes time to create it. India is not a replacement for China, and it has a long way to go before it can do what China does. Meanwhile, China has no problems expanding because it's directly investing into countries in BRI and BRICS.
Investment is nice, but when the yuan is worthless to the euro or dollar it means that investment can be easily bought. China not paying on it's debts means the banks of the world devalue their currency. That means China has no purchasing power.
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