YUAN really GG

[icebleue]

SGD 1 = CNY 5.52
SGD 1 = RMB 3.34

 

[BlackWing1977]

Wow... Loading up my tb cart nao

Nowadays quite a few brands dun ship to Singapore not like last time everything can ship as they will go through forwarder used by Taobao.

 

[BlackWing1977]

SGD 1 = CNY 5.52
SGD 1 = RMB 3.34

Hope goes down further to like 1:8... finally my canned 肉酱 and 红烧肉 and 蘑菇 can be cheaper...

 

[BlackWing1977]

Doesn't concern you unless you are american and u often buy things online from china.

Imagine buying a $5 IEM from China thru aliexpress and they want to charge $25 on top of it...

 

[Jirachi]

But the text said devalue yuan by 20%-40%.

Which text? I lost context.

 

[standarture]

No change la. In fact last year was 1:5.7. Now is worse.

 

[toolbox03]

More hot marnee flowing to sg property, better buy early before fomo again

 

[audiovideo]

Very sexciting to see CCP collapse

多行不义必自毙

 

[joshwong11]

More hot marnee flowing to sg property, better buy early before fomo again

china confirm tightening their capital controls now.. their stock market manipulated until siao 1, govt can ask brokerage to refuse sell orders so that their state-owned temaseks that scoop up the shares to prop the market last few days wont make a loss. that y u c shi moving sideways

 

[toolbox03]

china confirm tightening their capital controls now.. their stock market manipulated until siao 1, govt can ask brokerage to refuse sell orders so that their state-owned temaseks that scoop up the shares to prop the market last few days wont make a loss. that y u c shi moving sideways

No use, they have ways to transfer the marnee over

 

[Greygrey]

is it cheaper to xian atb now??

No. Wait till it's 1 SGD to 8 rmb

 

[audiovideo]

Sinkies oriental glue will still in ancient motherland they trust.

 

[lifeafter41]

Yes export from tiongland might become cheaper due to devaluing yuan, but does it matter if not enough countries are buying it due to tariff and trade restrictions?

Countries also have to protect their own domestic companies and will prevent dumping from tiongland.

On the other hand, tiong citizens will become much poorer globally because their spending power drop severely. Their savings which are in yuan will also be worth lesser as the currency plunges.

Nobody would want to hold onto tiongland's yuan because it is a very unstable currency that loses value significantly. This is not good for them no matter how certain people try to spin it.

Moi believe next, most country will enact tariff/tax on China products.
It’s to protect their domestic market.

This cna video gives a good narrative on one comments from Indonesian about the tsunami of products coming into SEA…………

 

[reno77]

Wah, dunno if Xi going to get overthrown and escape to USA

 

[Visor9999]

Good for sinkie online shopping needs

 

[cslkelvin]

China owns some $759bn of US bonds. If china yuan GG, us dollar will also GG.

 

[audiovideo]

China owns some $759bn of US bonds. If china yuan GG, us dollar will also GG.

, priest illustrate who USD will GG.

This 2% puny holding always make little pink very wet
Bigger than cow cart

 

[chongquan82]

Singapore will confirm die first

No longer about good vs evil

It's about survival

 

[mooseolly]

My boss going to China to enjoy the weak RMB and the over supplied China goods.

 

[iceblendedchoc]

China owns some $759bn of US bonds. If china yuan GG, us dollar will also GG.

Not really, us can print and return as long as it is reserve currency, China will hold on to useless usd. This is like killing enemy 1000 troops, ownself die 999 troops. China won’t be that stupid to give it up, China just need to sideline and continue to ignore US while building themselves and US is already on the road to decline. Maybe give another 70 years, the reserve currency will not be usd anymore