Because “the people of Earth” who are not westerners NEVER INVENTED A SINGLE FUCKING ONE OF THE TECHNOLOGIES REQUIRED TO MANAGE OR PERFORM THE SHIPPING. Their “solutions” will be to return to pre-colonial, pre-industrial economic methods, have their populations collapse due to starvation, and return to an era of warlordism.
In any case, West have no any "economic methods" that are not a robbery of the world by small-hats.
So, at least, Western robbery will be stopped. It is already enough.
lol
Name me a single case, when China denied to sell something for Yuans to anybody.
Cut out the whole of the West and China loses half its food imports.
Only Western countries China import beef from are Australia and New Zeland. China does not import beef from any other Western countries at all. Australia and New Zeland is already less than 30% of China beef import and it is just 7% of total China beef consumption. Even if China stop buying beef from Australia and New Zeland and for some strange reason will not compensate that part from other countries, that 7% hardly will cause any starving.
Name me any food, that China mostly imports from West and show that food share in whole food consumption.
May be truffles? That French delicacy.... Oh, no, China export them! $270M export vs $12M import in 2021. Even fucking truffles.
And unfortunately your link does not provide info after 2017. As you should know, many things changed since.
China needs a market to sell finished goods, and a market to buy food to make the goods in the first place
That market is already on the way. China sell a lot of stuff to a non-Western countries, and buy a lot of food from non-Western countries. The problem is that, say, Chilie farmer want to exchange Huawei smartphone to the corresponding amount of beef, but the rate of Chilean peso is skewed by USD, and Yuan skewed to USD too. And both, Chilie and China central banks are ordered by IMF to trade only in USD. Add to that IMF influence on economic in whole. So, Chilean beef is too expensive for China and Huawei smartphone is too expensive for Chilean farmer.
Now they both need either to get rid of IMF and began direct trade in their local currencies, or to establish each other banks in their countries and do the same, but without real international transfers of peso and yuan. For some reason, getting rid of IMF is kind of taboo. So, f.e. to trade in roubles and yuans, China banks opened branches of China banks in Russia and Russia opened branches in China. If some Russian seller want to sell something for roubles to China, China buyer transfer roubles (say, received as payment for selling some China goods in Russia) from Russian branch of China bank to account of seller in Russian bank. So, the roubles does not cross border during trade. Same with selling and buying for yuans, and same for China seller trading with Russia. Kind of workaround against IMF taboo on abroad trade in local currencies except USD/EUR. There is no even exchange of roubles to yuans and back happens, only local transfers.
AFAIK, IMF is even participating in creating "new reserve currency", so hardly something significantly better than just another fiat reserve currency will be born as replacement of USD, but for now, that cheating schemes of crossborder trade in local currencies works perfectly and solves all possible problems. I don't even see any reasons to use future BRICS or USD fiat reserve currency. So, may be at some point BRICS will throw out IMF and its cabal from that project, may be not. But indeed, it is already obvious that USD/EUR suddenly just become unnecessary and foreign trade perfectly works without any reserve currency at all.
PS: In any case, whatever you think about me and my argumentation, I think we having a good talk.
Because “the people of Earth” who are not westerners NEVER INVENTED A SINGLE FUCKING ONE OF THE TECHNOLOGIES REQUIRED TO MANAGE OR PERFORM THE SHIPPING. Their “solutions” will be to return to pre-colonial, pre-industrial economic methods, have their populations collapse due to starvation, and return to an era of warlordism.
In any case, West have no any "economic methods" that are not a robbery of the world by small-hats.
So, at least, Western robbery will be stopped. It is already enough.
lol
Name me a single case, when China denied to sell something for Yuans to anybody.
Cut out the whole of the West and China loses half its food imports.
Only Western countries China import beef from are Australia and New Zeland. China does not import beef from any other Western countries at all. Australia and New Zeland is already less than 30% of China beef import and it is just 7% of total China beef consumption. Even if China stop buying beef from Australia and New Zeland and for some strange reason will not compensate that part from other countries, that 7% hardly will cause any starving.
Name me any food, that China mostly imports from West and show that food share in whole food consumption.
May be truffles? That French delicacy.... Oh, no, China export them! $270M export vs $12M import in 2021. Even fucking truffles.
China needs a market to sell finished goods, and a market to buy food to make the goods in the first place
That market is already on the way. China sell a lot of stuff to a non-Western countries, and buy a lot of food from non-Western countries. The problem is that, say, Chilie farmer want to exchange Huawei smartphone to the corresponding amount of beef, but the rate of Chilean peso is skewed by USD, and Yuan skewed to USD too. And both, Chilie and China central banks are ordered by IMF to trade only in USD. Add to that IMF influence on economic in whole. So, Chilean beef is too expensive for China and Huawei smartphone is too expensive for Chilean farmer.
Now they both need either to get rid of IMF and began direct trade in their local currencies, or to establish each other banks in their countries and do the same, but without real international transfers of peso and yuan. For some reason, getting rid of IMF is kind of taboo. So, f.e. to trade in roubles and yuans, China banks opened branches of China banks in Russia and Russia opened branches in China. If some Russian seller want to sell something for roubles to China, China buyer transfer roubles (say, received as payment for selling some China goods in Russia) from Russian branch of China bank to account of seller in Russian bank. So, the roubles does not cross border during trade. Same with selling and buying for yuans, and same for China seller trading with Russia. Kind of workaround against IMF taboo on abroad trade in local currencies except USD/EUR. There is no even exchange of roubles to yuans and back happens, only local transfers.
AFAIK, IMF is even participating in creating "new reserve currency", so hardly something significantly better than just another fiat reserve currency will be born as replacement of USD, but for now, that cheating schemes of crossborder trade in local currencies works perfectly and solves all possible problems. I don't even see any reasons to use future BRICS or USD fiat reserve currency. So, may be at some point BRICS will throw out IMF and its cabal from that project, may be not. But indeed, it is already obvious that USD/EUR suddenly just become unnecessary and foreign trade perfectly works without any reserve currency at all.