₦airaland Forum

mikeansy:
Manufacturing is not in china by choice

Cost of labour and production is the driving force

Besides that in my research of Dr Kingsley Moghalu, Nigeria's deputy CBN Governor. I have come to learn that the CBN has already made a move in this direction. Some of our external reserve is already in RMB and Nigeria trades with China directly RMB to Naira

Wages in China had risen while the 2008 crises in the US forced labour changes down, so cost of labour in the US and China are almost the same.

Now who is thinking like me on what will happen when the BRICS Nations + Nigeria adopt this yuan thing?

Remember our woes with the US are also connected to Nigeria converting our External Reserve to the yuan as against the dollar!

diluminati:
This is a huge news that will change the sphere of things, that is if it ever materializes. This will give U.S more reason to vex and attack north korea so they can destabilize china.

na wa o, aunty. So if US attack north korea, china will be destabilized?

PPAngel:
Saudi flooding the market with cheap oil on behest of Washington in order to hurt Russia and Nigeria will not work.


Obama try again..

FAIL!

saudi will pay for their nonsense.

jamace:
I remember reading somewhere (can't remember exactly) that America will collapse on Wednesday, 28 January 2015. The day was called. "Bloody wednesday" for America.

i pray it happens.

diluminati:
you better align with the u.s.a if you ever want to see a tomorrow in the dystopian future

nonsense!

mikeansy:
be careful what you wish for. America is imperfect and always protects her intrests. But I will rather America with its democracy remains world power than china or Russia.

I will give you an example.

A Foreigner can not get justice in chinese courts

Jaguar Land Rover went to set up a Joint Venture in China to build the Evoque. They ended having their technology copied and somebody is building a copy version of the evoque in China. The call it the Land Wind. Land Rover is in court to enforce their patent rights, who do you think will win?

http://www.dailymail.co.uk/news/article-2846676/Fury-China-unveils-14-000-copy-Range-Rover-British-company-legal-action-little-known-manufacturer-launches-brazen-copy-roader.html

Well the experience of BMW X5 and the CEO Car tells me the chinese copy-cat company will get away with it.
http://archive.fortune.com/galleries/2008/fortune/0810/gallery.china_cars.fortune/2.html

There is a lot to be admired from China, I have visited the country 3 times now and I can tell you that if China is to emerge the world's sole super power then we are in trouble. They are not ready to play that role yet. I like them to be there as an alternative to USA but not the super power.

i want that superpower trash to end, pls. No one should be superpower.
China cant be superpower like the US, as it will be difficult for them to accept immigrants into their already over-populated nation- this make any nation super.

mikeansy:
But where is Buhari in all of these economic tumbles?

When the world market was crashing in 2008. Obama gave a big speech on the economy on what he will do differently if elected.

We have seen oil prices tumble, an issue which is a National Security issue for us because of how dependent we are on oil. Now you have China/Russia proposing this move to rival the dollar. Nigeria's external reserve and excess crude account are all in dollars and yet Buhari has not come up with any economic policy analysis on whether he will do anything differently from what the Government are currently doing ?


Nigeria's opposition are really passive!

he will diversify the economy.

PPAngel:
He will stabilize oil prices and use Nigeria military to ensure our foreign reserves in dollars are guaranteed by invading China and Russia if they insist on dumping the dollar.

and u were making sense since. *un-follows thread*

YES! I want to go to war. Let war it. i want to know who is allies & who is enemy. If u are america allies then u are my enemy. But if america allies will abandon america then i will accept them as allies. If england, germerny,france, italy, spain & others euros can be my allies then am ok. well, i dont use the gun u use, i dont use the bomb u use but i never lose war, attack ur common enemy from the west, china,russia,japan, north & south korea from...& others from the east aliens from south & north me from the air, water, sun,earth, sky...ha ha ha

buhari is a loser!

PPAngel:
China is the biggest creditor and supplier of consumer and finished goods to the US.

China demanding that imports into the US be paid in Yuan will immediately shut down the US economy.

The only guys with the US outside Britain is Saudi. China does not need Saudi as they have already signed a crucial oil deal with Russia which happens to be the largest crude exporter - 8 million barrels per day, and home to the largest reserves.

What china supply to the US are not a rare commodity , therefore china cannot demand for Yuan. The US(the buyer) has more power in this case. If china cease supply , US itself or other countries will happily replace them. At the end of the day US remain unscathed.

This ugly intimacy slave, dem use Buhari swear for you?

tit:
buhari is a loser!

seanet02:
This ugly intimacy slave, dem use Buhari swear for you?

hahahaha. Na pesin mumsy b dat oo. Lol

China is not better. Well nigeria should diversify

jamace:
I remember reading somewhere (can't remember exactly) that America will collapse on Wednesday, 28 January 2015. The day was called. "Bloody wednesday" for America.

http://www.moneyandmarkets.com/reports/SMR/bloodywednesday/v/?ccode=01022015MAMw105MAM&em=jamesajodo@yahoo.com&sc=p446&ec=6289149

Caseless:
and u were making sense since. *un-follows thread*

I was being sarcastic