Chapter 333 - Internationalization of the Renminbi

Galaxy Mining Group already has a lot of mines in Africa, and with a series of investment plans after the China-Africa Investment Summit, China's iron ore import problem will soon have an immediate effect.

The development of African mines is relatively difficult, the most common is how to transport equipment into the mine, and how to transport the minerals out, so the development degree of African mines has always been relatively low. If it weren't for these reasons, Europe and the United States would have started a long time ago.

By the end of December 2004, China had sent 100,000 construction workers and a large amount of construction equipment to Africa for infrastructure construction.

Africans have probably never seen the same efficiency as the Chinese construction team.

Laying ten kilometers of railway in a day is not a matter at all.

A few weeks of a dangerous iron bridge, it's a piece of cake!

When the African locals saw this, they were all dumbfounded!

How is this possible?

Are Chinese immortals?

Don't they sleep at night and work?

Africans can't believe it.

With their shallow cognition, it is impossible to imagine what earth-shattering energy will erupt when hard-working, skilled Chinese workers will burst out with the help of advanced machinery and equipment.

Building bridges in the face of water and opening roads in the mountains, China's infrastructure construction forces can rise to the occasion in the face of any difficulties.

It didn't take long for the name of China's "infrastructure madman" to resound throughout Africa!!

At the same time, it also surprised Western countries.

I thought to myself, China's infrastructure capacity is so good, won't China's influence in Africa surpass ours?

West they are in a hurry!

In 2005, the West tried to expand its influence in Africa, so at around 5 p.m. on January 21, 2005, it announced several plans, such as $30 billion in aid, $2 billion for food aid, and up to $20 billion in loans to low- and middle-income countries through the International Monetary Fund......

……

Shanghai, China.

Borderless Tower.

Zhao Ye looked at the news in the newspaper, his face was full of disdain, the purpose of the White Condor Country was obviously not to let China continue to increase its influence in Africa.

Zhao Ye thought for a moment, then turned on the computer and sent a few emails out.

A week later, the African Institute for Global Dialogue, a well-known foreign policy think tank, released a report that stated:

"The core appeal of the White Condor to Africa in terms of diplomatic strategy is to let African countries choose sides on issues such as great power competition, and the policy of the White Condor State towards Africa is fundamentally still to serve the interests of the United States itself.

The strategy of the White Condor States on the African continent is characterized by highly politicized relations.

The White Vulture Nation often just speaks nicely, but there is a huge gap between what it actually does......"

At the same time, many economists, researchers, and politicians in Africa have also come forward to expose the hypocrisy and ugliness of the White Condor State.

"Damn, I thought the White Condor Country was kind, but it turned out that it was just lip service, and the real purpose was actually to let us get on the thief ship of the White Condor Country, and finally obey the words of the White Condor Country!"

"The White Vulture Nation cannot be trusted! Whoever believes is unlucky! ”

"Like arsonists, the whole world is set on fire!"

"We must not get too close to the country of the White Condor, otherwise, the next country to burn the fire at home will be ourselves!!!"

“……”

People of insight in Africa have come forward one after another, expressed their attitudes, and called on compatriots to recognize the true face of the White Vulture Country.

This embarrassed the White Vulture Nation.

In fact, it has seriously affected the African strategy of the White Condor, for example, in the trade volume between Africa and the White Condor.

On the contrary, China's trade with Africa is getting bigger and bigger, and the current trade volume is five times that of the United States and Africa.

It's not a level anymore.

"Made in China" products can be seen everywhere in Africa, and there are countless Chinese companies in many African cities.

Africans' favorability toward China is not comparable to that of the White Condor.

The Chinese are modest, the white vulture people are arrogant and rude.

The Chinese are hospitable, and the white vulture people are greedy and stingy.

The White Condor tried to exert its influence in Africa, but the results were not satisfactory.

……

"The renminbi is becoming more and more internationalized, and African locals are very fond of collecting renminbi, and even some countries have begun to support and use the renminbi!"

"Many African countries are already considering using the renminbi to settle their accounts, so as to directly bypass the dollar and trade with China!"

"Trade between China and Africa is deepening, and China has become the largest trading country in Africa, far surpassing Western countries. The importance of the renminbi is self-evident! ”

"Zimbabweb announced that it will borrow a large amount of yuan from our country to stabilize the national currency!"

"Tanzania has announced that the renminbi has become the most important foreign exchange in the country!"

“……”

Zhou Anping, CEO of Galaxy Financial Group, reported, "We at Galaxy Financial Group have taken the opportunity of the China-Africa Investment Summit to enter the African financial market in a big way, and have successfully established ourselves in many African countries, which has greatly promoted the internationalization of RMB to a certain extent!" ”

Galaxy Bank and Standard Chartered Bank, both subsidiaries of Galaxy Financial Group, have a large amount of RMB funds, and if the RMB can be internationalized and circulated in Africa, it will be greatly conducive to enhancing the influence of Galaxy Financial Group in Africa.

Therefore, in terms of promoting the internationalization of RMB, Galaxy Financial Group has also spared no effort.

Zhao Ye said with a smile: "Very good, the internationalization of the RMB in Africa is very smooth, and we must continue to exert influence and make the RMB the main foreign exchange reserve of African countries!" ”

Today, China's economy is getting bigger and bigger, and it has gradually distanced itself from the White Vulture State.

If it weren't for the influence of the dollar, the White Vulture Country would not be having a good time now!

The current white vulture country has poor product competitiveness and too much unemployment, so it can only rely on printing money or the Federal Reserve raising interest rates to "gather the world's wool" to live.

The route of the next stage of scientific and technological development has long been in Zhao Ye's planning, and the White Vulture Kingdom will only lag behind China more and more in the future.

Dismantling the hegemony of the US dollar and establishing an international settlement mechanism for the renminbi have become the focus of China's development efforts.

At the moment, it seems that only the renminbi can break the hegemony of the dollar.

Investment and trade are undoubtedly the two most important weapons for the internationalization of the Chinese people's currency.

China does not want the dollar, as long as the mineral resources, whether it is China's investment or trade in Africa, it is essentially to exchange China's RMB and commodities for Africa's mineral resources, and there is no need for the existence of the US dollar in the middle, so this is extremely beneficial to promoting the internationalization of the RMB in Africa.

(End of chapter)