China Fights US Dollar: Exposes Chinese Banks to Losses | Vantage with Palki Sharma

China Fights US Dollar: Exposes Chinese Banks to Losses | Vantage with Palki Sharma

China’s covert strategy to support the yuan using foreign-exchange swaps is putting its banks at risk of billions in losses while creating easy profits for savvy investors. State-run Chinese banks have built over $100 billion in short positions on the dollar to stabilise the currency without draining foreign reserves. However, this move has led to significant losses as the yuan weakened earlier this year. This strategy shields the People’s Bank of China from international scrutiny while state banks bear the risk. Learn more about China’s currency management tactics on "Vantage with Palki Sharma."

---

China | USA | US Dollar | Trade War | Yuan | Economy | Joe Biden | Xi Jinping | Export | Firstpost | World News | News Live | Vantage | Palki Sharma | News

#usa #china #dollar #tradewar #xijinping #joebiden #firstpost #vantageonfirstpost #palkisharma #worldnews

Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.

The show is anchored by Palki Sharma, Managing Editor, Firstpost.

By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories – making Vantage a destination for thought-provoking ideas.

Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms.
​
Subscribe to Firstpost channel and press the bell icon to get notified when we go live.

Follow Firstpost on Instagram:

Follow Firstpost on Facebook:

Follow Firstpost on Twitter:

Follow Firstpost on WhatsApp:

[FrancesRyan-bp]

Cash commodity is beginning to loose it’s value, the world we’re in today is a world fast developing more currencies are being created which beats the value of cash commodity and others, cryptocurrency today is fast growing and most people cease to participate in owning and trading with it

[Luizatamaoki]

You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life

[AlexanderAlvarez-fo]

With the US imposing sanctions on Chinese manufactured goods and China forming alliance with other BRICS nations, where does that leave us to invest and do with our life savings which are all in the US Dollars? I am really scared for the future and I am almost at panic mode.

[Halisco_New_Generation]

The problem with printing is that it has been proven time and time again that it doesn’t work. The more you print, the less value your currency holds, leading to higher inflation and making everything more expensive in your country. That's why despite printing so much money, People in the U.S. are homeless, starving in the streets everywhere, can't afford healthcare

[JSilva-dnjj]

The only time I don't listen Palki is when she is talking about China

[bukitbatok]

Whatever the Chinese are doing, they have given it a careful thought. The Chinese knows what they are doing...

[Aarini_Ashwini]

Over the last four years and still ongoing, Indian news outlets have repeatedly stated that India is significantly ahead of China, always pushing the narrative 'India wins, China loses.' So what better way to prove this narrative than at the world's largest sporting event (2024 Olympics). It’s the perfect opportunity for India to showcase their country's progress and human development. All of China’s finest athletes will be there, as well as India’s best, competing alongside the world’s greatest at the highest level. The event will be broadcast globally, with eyes focus on India and China as they compete. So, did India easily win as they claimed they would? Of course not—India lost to China 0 - 40 and India lost to Hong Kong, China 0 - 2.

Olympic success is often a reflection of a country's growth and human development. If a nation such as India lacks infrastructure, training facilities, proper nutrition, and access to basic needs like food and water, it will very well likely perform poorly in the Olympics. Looking at India's extremely poor performance in the 2024 Olympics, it is now crystal clear that India isn't growing or developing at all, and India's economy is not the 5th largest as they have boasted, but rather closer to their bottom-of-the-ladder Olympic ranking of 71

[arifsoetanto]

For India US$ 100B is enormous amount. But for China, it's normal amount transaction with US

[JackMyers-brvi]

My portfolio’s been all over the place since the attempt on the presidential candidate. Combine that with China’s economic crisis, and it feels like everything is falling apart.

[aninda]

The world is full of US dollar. So what they are going to do with it? Obviously short !

[lunacy]

Every second of this video is valuable. I paused multiple times, both for a moment to think & rewind a few seconds before proceeding. Excellence. A very tremendous & complex topic presented well-roundedly. Thank you.

[shikatsudou]

China doesn't want a strong yuan, that is a misconception. Their strategy is to export deflation, a stronger yuan makes they're exports more costly. If you have noticed, they've been dumping US Bonds which is part of the de-risking process but also has the effect of deflation.

[chewie]

China loses 16 billion from shorting and then decides to double down and tries to short more. OK, ever heard of GAMESTOP?

[ZoomZoomMX]

$100 billion USD is not much the USA goes through over 32 trillion dollars a year.

[angshumandebbarma]

Palki complaining about China everyday is becoming a joke day by day

[lionelhowell]

🤣🤣🤣🤣 No physical currency on Earth will beat the US dollar, only GOLD!

[harishchandranathnayak]

What she explained is exactly the opposite. If the value of the dollar is expected to fall, Chaina isn't supposed to buy the Dollars against Chinese Yuan. In her explanation, currency swap happens for 100 Yuan -in return chaina receives 14 dollar. Dollar depreciation results in, let's say, 100 yuan becomes 20 USD. I.e., 1 usd equals 5 yuan. Now, to reclaim its 14 usd, the US will have to shell out just 70 Yuan, thus ending up with a profit of 30 Yuan, which is equivalent to 6 USD

[kicker]

A big number Indian CEO have been fired in USA.

[sul-vp]

palki : china is collapsing, globally, economically, monetarily and militarily

From : 2015, 16, 17, 18, 19, 2020, 2021, 2022, 2024😂😂

[ricotheman]

I wonder, what makes Palki so confidently believe that she is smarter than all Chinese financial and economy experts all together?😂😂😂