The Briefing Room
General Category => Economy/Business => Topic started by: libertybele on January 24, 2021, 09:06:34 pm
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Any surprise?? Anyone still not realize that COVID was inflicted upon the world by China (and yes they would kill off their own people to accomplish their agenda)? Correction: Biden, Fauci and the Chinese purposefully inflicted COVID upon the world.
Foreign companies are giving up on the United States and betting big on China, report says
Foreign companies are turning their backs on the United States, taking advantage of China's booming economy and superior management of the Covid-19 pandemic.
Direct investment in the US by foreign companies plummeted 49% to $134 billion last year, according to a report released Sunday by the United Nations Conference on Trade and Development. By contrast, foreign direct investment in China grew by 4% to $163 billion in 2020.
2020 marked the first year in history that foreign direct investment in China overtook that of the US, according to the UN. China is now the world's largest recipient of foreign companies' investments.
Although Covid-19 was a large factor in foreign direct investment tumbling in the US -- and most places around the world -- the drop-off in foreign companies' American investments began well before the pandemic.
After hitting a high of $440 billion in 2015, according to the US Commerce Department, foreign investment in the US has been on a sharp downward slide. Former President Donald Trump's go-it-alone trade policies hurt foreign investment -- particularly from China, which represented the sharpest drop in US investment over the past several years. Growing economic uncertainty around the globe also contributed to the decline.
Last year, decline in foreign direct investment into the US was most prominent in wholesale trade, financial services and manufacturing, the report said. International mergers and acquisitions, as well as sales of US assets to foreign investors, fell by 41%.
Meanwhile, China's explosive economic growth -- and quick recovery from the pandemic -- helped foreign investment there soar. China's economy grew 2.3% last year, when most of the world's major economies shrank. The country enforced stringent lockdown and population tracking policies intended to contain the virus, and set aside hundreds of billions of dollars for major infrastructure projects to fuel economic growth..........
https://www.cnn.com/2021/01/24/investing/us-china-foreign-direct-investment/index.html (https://www.cnn.com/2021/01/24/investing/us-china-foreign-direct-investment/index.html)
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Any bets on when decoupling of the $USD as world reference currency? i am guessing 3-5 years.
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What funny is the conservatives were just complaining of FDI from China just a few days ago.
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Any bets on when decoupling of the $USD as world reference currency? i am guessing 3-5 years.
That was the whole idea of inflicting COVID ... China's currency becoming the dominant currency.
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Good luck with all that.
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That was the whole idea of inflicting COVID ... China's currency becoming the dominant currency.
@libertybele
With that rapid growth and flux, I am betting the Yuan (Chicom currency) is not set up as reference currency. Floating it against Yuan would cause too many ripples and burps in world wide currency markets. I am guessing it will more likely be set up against some arbitrary "one world currency", which will really going to get the NWO thinking caps whirling.
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Any bets on when decoupling of the $USD as world reference currency? i am guessing 3-5 years.
I'm betting sooner. The left wants to destroy us (from within and from without). What better way?
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CNN wishes.
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Any bets on when decoupling of the $USD as world reference currency? i am guessing 3-5 years.
Will never happen.losing reserve currency status would actually boost our exports and hurt China’s.
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Meanwhile, China's explosive economic growth -- and quick recovery from the pandemic -- helped foreign investment there soar.
What the hell are they smoking. More people are dying over in chinaman country than anyone will every know.
The whole story is bullshit.
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Will never happen.losing reserve currency status would actually boost our exports and hurt China’s.
Nope.... How would a "one world currency do that" as an example? Reference reserve currency is really only much about prestige. All currencies ebb and flow to a number which pretty much is due to economic conditons in said country. What the currency is, is really no different than marking distance in miles vs. kilometers.
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Who can blame them? Businesses like stability,and there is NO stability with loons in charge of the US now.
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Nope.... How would a "one world currency do that" as an example? Reference reserve currency is really only much about prestige. All currencies ebb and flow to a number which pretty much is due to economic conditons in said country. What the currency is, is really no different than marking distance in miles vs. kilometers.
Well the immediate effect would be that our currency would get much much cheaper. It would also hurt consumers quite a bit. But it would advantage our exporting industry by quite a bit.
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Well the immediate effect would be that our currency would get much much cheaper. It would also hurt consumers quite a bit. But it would advantage our exporting industry by quite a bit.
Trade issues? If we talking micro vs. macro economics, and potentially short term based ongoing market condtions.
When the UK Sterling lost this status a 100 or so years ago, it saw practially little or no effect. It was pretty much handing off the baton to a new economic powerhouse. That's pretty much what is happening now, except I do expect the Yuan not to be given that status.
But from a big picture, the point of having a reference currency is more about presitge, and the ability to market our treasury bonds and notes to the world. And since the Chicom economy is an infant in the world of captialsm, it is subject knee jerk gyrations that the worild, and especially IMF would shy away from. When it happens, it will be toward some form "world wide currency"
There are some tin foil economist that think that the benchmark loss may trigger a run on US notes. I personally think no. Except and unless Biden continues to spend this country into oblivion. Then we will have to see.