In China, over 2,000 mainland-listed companies have hit limit down, and China’s most active CSI 1000 stock index futures is now down 10%, hitting limit down. China has opened actual economic WAR in retaliation!
CHINA LAUNCHES GLOBAL DIGITAL PAYMENT NETWORK BYPASSING SWIFT
The People’s Bank of China just connected its digital RMB to 10 ASEAN and 6 Middle Eastern nations, covering *38% of global trade*.
This bypasses SWIFT and the US dollar entirely.Payments now clear in 7 seconds, not 3-5 days.Fees slashed by 98%.
Middle Eastern energy traders are in.
ASEAN’s RMB trade hit 5.8 trillion yuan. Thailand settled oil in digital RMB.
While the US debates if digital currency is a threat, China has already built a global network across 200 countries.
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