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Sunday, May 11, 2014

China surging ahead


Nothing and nobody can stop China.  While the Western countries are busy throwing their hatred at Russia and Putin, China gains even more momentum in its race to the top of the pile.  The sanctions imposed on Russia are helping other countries besides China.  Iran has already offered to supply oil and gas to the EU.  
Gotta laugh at how stupid the leaders of the West can get. Impose sanctions on one hated enemy only to enable more than one hated enemy to undermine their kindergarten plots and intentions. 

From DWde:
...Frankfurt issues first bond backed by Chinese currency.  
China’s currency was once so immovable nobody saw much sense in owning it. But the more Beijing loosens its grip, the more investors want to get their hands on it. The rags-to riches currency now comes to Frankfurt
Frankfurt is joining London, Singapore and Hong Kong in the fast-moving market for bonds denominated in the Chinese currency, the renminbi. Germany's KfW development bank announced it was issuing a two-year bond with the volume of 1 billion renminbi at the Frankfurt Stock Exchange.
The development underpins Frankfurt's bid to become a key offshore center for facilitating trade transactions and investments in renminbi. It is also the latest success in Beijing's drive to internationalize its once tightly-controlled currency, which is also called yuan......

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