Love it or hate it but you have to admire Chinese ingenuity. They are hoarding more than 20,000 tonnes of gold. They control the largest USD debts handed over to countries around the world specially through their belt n road program. Now they are playing the crypto game smartly. They allowed mining do they can hoard more of BTC and alts. Now they are progressing with wider blockchain implementation. I won't be surprised if China overtakes US as the biggest economy in 2-3 years.
RE: BITCOIN: Endorsement From China
You are viewing a single comment's thread from:
BITCOIN: Endorsement From China
China already is the biggest economy, @sameerbtc. You still can’t see it through the filters of western statistics, but even with it, in 2014. World Bank has issued a report by which China has overtaken U.S. on the purchasing power of population, which is far more objective indicator than GDP. In trade with US, China has over 500 billion suficit every year (it has grown since Trump’s trade war), and it has larger trade with the ASEAN countries than with US. And now Trump starts trade war with EU, and they will have to turn to China full scale… It is either hot war, or the game is over.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit