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China and the United States have reached a five-point consensus, which has virtually resolved the temporary crisis, and the bottoming out of bilateral relations has also become the main tone for some time to come, and the friendship between the two countries is the ballast stone of world peace.
Speaking of which, we still have to talk about related topics from the perspective of economic and geopolitical relations, one of which is that the US House of Representatives intends to kick out SWIFT for the Bank of China.
What is SWIFT? Aren't we scared to be kicked out?
For example, if you are traveling in Europe and want to buy something, you go to the branch of the Bank of China in Europe to get money, and the bank tells you, sorry, we can't provide you with the exchange of dollars, euros and other currencies right now. Aren't you frustrated? This is still a very small matter, at this time, if you are doing overseas trade, you have a deposit of 1 million US dollars, you have a fancy to a red wine in France, you want to buy it in China, do trade, at this time you still encounter such a problem, what do you think?
You'll say, you can't do this business when it's over.
That's the power of SWIFT, whose real name is the Society for Worldwide Interbank Finance.
If you really get kicked out, well, you can only do business with those little brothers and sisters, if you are facing poor countries every day, they are also willing to settle with you in RMB, do you think this is interesting?
It's like opening a fried restaurant at my doorstep, 7 yuan egg fried rice, because of convenience, I often go downstairs to sit, the boss is complaining, all the coolies who come are out of coolies, busy fried rice all day long, tired to death, and can't earn 130 yuan of pure profit, if the store is not their own, plus they have a pension, they would have been closed long ago.
Therefore, assuming that the Bank of China is really kicked out of the SWIFT settlement system, the ignorant may not be too afraid, but for those who really care about their money bags, they are still a little worried, because foreign trade will be hit hard, the import and export business will not be done, and our food and clothing will be more or less affected.