Thanks for reading and commenting!
I see their CBDC as equivalent to their fiat currency.
CBDCs won’t be interoperable across countries. Brazil is not going to accept a digital yuan that is programmed to implement social controls over Chinese citizens.
So from that perspective, CBDCs don’t change anything.
China‘s economy is going down but they will still import oil. A lot. So we will see…
Real state bubble gone
Young people without job % is high
Over 35yo chance for getting a job is a nightmare
People don't want to have more than 1 baby
In a couple of decades the 65+yo people % will be too high
China has more debt than US
Internal debt is crazy, like 2-4 Lehman brothers only with the high speed trains
Lots of companies are moving their factories to other countries cause 2 factors, the minimum wage and taxes are high and they don't want to be so depending on china
China started with their cbdc cause 1 reason, the CCP knows that they can't beat/ban the BTC so they are trying to put their cbdc cause for now the amount of people who knows about BTC is low
These are the reasons why china is moving so aggressively these last years. They are having the same problems that Japan had in the 80's after their bubble
Not a ideology fight with you, just telling you what I found after having my doubts about china's moves after so many years. They move too aggressively, that means they have something behind that makes them move that way
