Thread by @mike4evolution

🧵 China’s Winning The Real Economic War
💪🇨🇳😈 Xi’s Masterplan Revealed
The real economic battle is in the war for commodities and China is winning it. From oil and gas to gold and grains, China is hoarding the world's commodities in their bid to compete with the US.

But the agenda goes deeper than that and we must understand China's moves to control the world's commodity supply!

According to the USDA China holds half of the world’s wheat reserves and 70% of its corn. After five consecutive record crops, India now has one-tenth of global wheat stockpiles. The U.S. has 6% and 12% of global wheat and corn reserves, respectively.
farrellymitchell.com/our-thinking/l…

Rare earth elements (REE) are metals used in many of today's key technologies, such as wind turbines, phone screens and even electric motors. As this infographic reveals, anyone who needs one of these 17 chemical elements will have a hard job sourcing them from anywhere but China

The People's Republic has the world's largest reserves of these not so rare metals.
According to analysis by the U.S. Geological Survey, around 44 million tons of REO (rare earth oxides) lie dormant in the Chinese soil.
statista.com/chart/29114/ra…

#TechWar
Nvidia founder calls China a ‘very important’ market as AI frenzy fuels huge demand for its chips

Biden administration export controls on China were like having ‘our hands tied behind our back’
scmp.com/tech/tech-war/…

#TechWar
Nvidia founder Jensen Huang warns about China’s resolve to build its own advanced semiconductors

The Taiwan-born American entrepreneur says mainland China has dedicated a ‘massive’ amount of resources to build its own high-end chips
scmp.com/tech/tech-war/…

#TechWar #DeAmericanization
‘De-Americanize’: How China Is Remaking Its Chip Business
👉 7 months after Washington unveiled tough curbs, Chinese companies are doubling down on homegrown supply chains and drawing billions in cash from Beijing and investors.
nytimes.com/2023/05/11/tec…

#CurrencyWar #Dedollarization
The renminbi’s creeping internationalisation (III) – Salami-slicing

The world’s largest commodity exporters and importers – China, Russia and Brazil – are now working together on using renminbi for cross-border payments.
viewpoint.bnpparibas-am.com/the-renminbis-…

Their cooperation could draw other countries to renminbi payments over time and cumulatively, this group could lift the renminbi at the expense of the dollar.
#EndGame #CurrencyWar #Dedollarization #DeAmericanization