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94 sats \ 0 replies \ @Solomonsatoshi 12 Aug \ parent \ on: China's Bond Market in Turmoil as Economic Woes Deepens econ
And yet their proxies Iran and Russia are causing quite an impact and expense upon the current dominator of global resources, wealth and power.
China now can provide an alternative to the SWIFT trade payments network and China can supply most of the complementary manufactured goods required by resource exporting nations like Iran and Russia.
China gets discounted oil and gas while Russia and Iran attack the west and its associates causing huge cost to the USA.
China continues to expand its global reach while USA is handing over Iraq, after huge expense invested, to the Chinese oil companies who have been restoring Iraqs oilfields along with Iran.
Who is the winner and who is the loser?