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Today, China Eastern Airlines, China Southern Airlines and other airlines have confirmed this news, many flights back home from Canada has been cancelled! What's going on ? www.mehome.com/cn/Vancouver/articles/27115
@new-york-city3 жыл бұрын
"If you want to have a global reserve currency, you have to allow foreigners to hold and use it," says .................. China also has to allow its own citizens to do more Acquire foreign assets and allow greater exchange rate flexibility to drive the internationalization of the yuan. Who said this!!! Do you know it? These sentences show you how closed china is. China is not an open market. China does not deserve a spark of respect! Foreign companies are robbed, copied, and disadvantaged in China! That's the reality!
@leemingkent65193 жыл бұрын
im feelin like buyin d book i am malaysian student now 18 still secondary unfortunately can i hav d book a lil yea affordable
@aahayob3 жыл бұрын
It took 7yrs and meticulous planning! That’s the beauty of a political system with strong leadership where continuity of a project until completion is assured once decided. You see things progress in so many fronts, and at a fast pace! China don’t boast, they are humble!
@CyrusJanssen3 жыл бұрын
Completely agree!
@robinanderson11152 жыл бұрын
A GREAT EDUCATIONAL INTERVIEW. LOVED IT ,LEARNED SO MUCH
@tkam93 жыл бұрын
Awesome explanation of digital RMB or Yuan! Couldn't find anyone explain this more clearly and in easy understandable term than Richard Turrin. Great work!
@tc691kiing93 жыл бұрын
When the congress assembly still in the mid of discussing how to suppress China 'aggression'. China has completed deploying another borderless digitized service. The more people talk, the more deployment has been done. Speed, accuracy, scale and formless are the core value for human advancement.
@CyrusJanssen3 жыл бұрын
Absolutely, China is just keeping its head down and innovating!
@jessicaw86823 жыл бұрын
@@CyrusJanssen Yeah, that's the Chinese way :) Let America talk the talk, China just continues to walk the walk.
@everythingandmore55373 жыл бұрын
The CCP is all the time looking for ways to control their population. Digital or cashless currency is the way to contact the population. It's bad for the world especially for totalarian countries. Laws must be passed against this development . Debit cards system is good enough and cash must still be used.
@tc691kiing93 жыл бұрын
@@everythingandmore5537 Why do we need a cops and CCTVs if everyone is doing the right thing under the national laws? first question. If everyone is doing the right thing lawfully, why someone fear of government services? China and eastern world countries are speeding up digitizing the whole world, certainly CIA or FBI and anti-advancement doesn't like it too much.
@Amidat3 жыл бұрын
@@everythingandmore5537 Right - except all countries are trying to do it. You are just upset that China is faster.
@fernandoesteban23453 жыл бұрын
Thank you Cyrus, that was truly informative and refreshing. I applaud China's intentions for the digital RMB especially because China is now our number 1 trading partner.
@Music4567able3 жыл бұрын
I hope the digital RMB would become popular not only within China but can be used by many foreign countries. Then many countries would not be under the threat of sanctions by the US anymore.
@@Rex-ww4cw You seem to have a Chinese surname (Chong) yourself. Are you not able to understand what 暗黑元首 is saying?
@Shenzhou.3 жыл бұрын
@@Rex-ww4cw Yet you want others to speak English because you don't understand Chinese?
@Shenzhou.3 жыл бұрын
@@Rex-ww4cw Why do you want everything translated into English, rather than learn Chinese?
@philj55183 жыл бұрын
Hi Cyrus ,Gratitude to you.Daniel Dumbril,Ja You,Barrets,Gweilo and all other vloggers I haven't mentioned.Your honesty and sincerity is greatly acknowledged. A breath of fresh air compared to major media.keep up the great work.Peace.
@CyrusJanssen3 жыл бұрын
Thank you Phil!
@BlessAllKC Жыл бұрын
...& the channels by Jason ( Living in China), Reporterfy,...etc.
@NightStars11223 жыл бұрын
Thanks Cyrus for this and all of your videos. Unfortunately CNN and BBC or other majority Western media, would not spread this kind of news to the World
@@SuperSonic-zz8dx Western anti-China MSM like CNN or BBC don't want China's digital Renminbi to take flight. They might churn out propaganda like claiming how the communist party is monitoring your digital RMB transactions or something to that effect. But the Chinese bank has already laid down 3 mandates about building a digital currency, one of which is that digital currency has to have some version of anonymity or privacy built into the currency.
@anti-chinesecommunistparty8643 жыл бұрын
How can they if mostly all the media in China is state media??
@Shenzhou.3 жыл бұрын
@@anti-chinesecommunistparty864 With a name like Anti-Chinese in your username, you're clearly being anti-China.
@siewkonsum72913 жыл бұрын
Cyrus, please tell the World - since ancient times, the Mainland Chinese are thinking and practicing the Concept of - "Within the 4 big Seas we are ALL Brothers and Sisters"!
@Who-cu9eu3 жыл бұрын
Ignore this digital currency china only cares about China not the world
@siewkonsum72913 жыл бұрын
@@Who-cu9eu That which ignores the World is your hatred Self; That which cares for the World is China!
@siewkonsum72913 жыл бұрын
@Tom Collins Why didn't you self claimed big guys tell the Mainland Chinese to get out during the Chinese ancients when their big boats were roaming the entire South China seas to do their regular fishing?
@eddyadityapradhan79603 жыл бұрын
@@siewkonsum7291 the world need to move away from china. Period
@siewkonsum72913 жыл бұрын
@@eddyadityapradhan7960 The World should move from you! You should move away from the World! Yesterday you were clever, wanted to change the World; Today you should be wise to change yourself instead! 🙏🙏
@panglilla8683 жыл бұрын
The pressor understands deeply the vision of China’s digital currency motivation! Great 👍 and looking forward to the day soon when RMB currency is independent! Thanks for great interview!
@relaxwhc3 жыл бұрын
If you enjoyed this video, raise your hand to give Cyrus a roaring support ✋🙋
I think I am running out of thank-yous for your videos and the service you are providing. The information is really invaluable and really provides insights into how all future cross boarder shipping, trade-financing, and customs workflow will be transformed.
@CyrusJanssen3 жыл бұрын
Wow, thank you John....comments like this just add fuel to the fire for content creators like myself, when videos like this are well received we know we are on the right track, thank you so much!
@relaxwhc3 жыл бұрын
China is so fast, a day in China is like a year in somewhere else.
@user-jk4og9rf4s3 жыл бұрын
Because 14`b people work hard for the same dream
@Shenzhou.3 жыл бұрын
Many expats find that travelling back to their home countries is like travelling back in time, because of the slow pace of adoption of technology in their home countries.
@CyrusJanssen3 жыл бұрын
My last visit was 18 months ago....I can only imagine how much China has changed! Can't wait to get back
@relaxwhc3 жыл бұрын
@@CyrusJanssen you might find everyone is driving flying car by the time you get back.
@CyrusJanssen3 жыл бұрын
@@relaxwhc haha that would be great! Imagine the awesome YT videos I will make then, haha
@velocecarriola92143 жыл бұрын
From Australia I am some what reluctant to get behind a digital currency due to the nature of our government, our banks and the level of corruption. What works well in China can look very ugly if rolled out in other nations as it is not in favour of the people but in favour of huge corporations, elite families and super wealthy.
@bloodybonescomic3 жыл бұрын
From the USA, a like sentiment.
@proy72483 жыл бұрын
As a Chinese citizen who lived in North America for 5 years, I agree. The elites in China and western countries are different fundamentally. I don’t think western public will ever trust their government as much as we do here in China. And rightfully so.
@maddoo233 жыл бұрын
Good point. I am not sure if this puts you a little bit at ease because digital currency will eliminate commercial banks. Citizens will have an account directly with the Central bank. With a few legislations, this may mean better democratic control of the economic structure. BTW, right now, the entire monetary system is completely non-democratic at most places
Not so good news for the west. What this will do in the longer term is free a lot of countries (especially in the developing world) from the stranglehold of the western banking system which has been weaponised. Which is a way out from western the corruption you mention.
@samzhang1013 жыл бұрын
Thank you very much Richard for great talk. Thank you very much Cyrus for organizing the event!
@CyrusJanssen3 жыл бұрын
My pleasure Sam!
@ml22703 жыл бұрын
Love watching Cryus' videos because of no biased view and no faked information. Thank you, Cryus. :-)
@joselu90232 жыл бұрын
Thank you so much Cyrus for this presentation. It is so enlightening in plain simple terms. Mr. Richard Book is excellent in his explanation. What a tremendous gift from you!
@kylepuppy3 жыл бұрын
Both of you so eloquent and made complicated things easy to understand. Thank you!
@relaxwhc3 жыл бұрын
*Greetings gentlemen* Welcome to China, the land of plenty
@af6643 жыл бұрын
Today, China Eastern Airlines, China Southern Airlines and other airlines have confirmed this news, many flights back China from Canada has been cancelled! What's going on ? www.mehome.com/cn/Vancouver/articles/27115
@jonhone13 жыл бұрын
And say goodbye to the United hypocrite of America. 🤑
@Shenzhou.3 жыл бұрын
@Rob Hunter Meanwhile, the USA is out of control.
@FMSong-jv3pr3 жыл бұрын
@Rob Hunter Control for our safety. If you don't like, stay there where you Are.
@user-ih4yh9ww2u3 жыл бұрын
怎么哪都能看到你
@redcapitalist3 жыл бұрын
the issuance of the digital yuan fits in perfectly and seamlessly with china's belt and road initiative. once all the partner countries in BRI sign up and are equipped with the necessary infrastructure - the digital yuan will really take off
Let's hope China treats the world better than the US. Let's hope.
@charlieong56363 жыл бұрын
@@cliffa2901 well, China doesn't bomb countries, so right away that's better than the US.
@cliffa29013 жыл бұрын
@@charlieong5636 🙂🇦🇺👍
@biggwong69123 жыл бұрын
Wow, the best talk ever to learn China Digital Currency info. Thanks to you both.
@jamesho87783 жыл бұрын
Thanks very much Cyrus for this important concept of Digital Yuan. I appreciate very much of all your KZfaq videos. 👍👍👍
@CyrusJanssen3 жыл бұрын
Thank you James!
@dranzacspartan80023 жыл бұрын
Well done Janssen. You are SPOT ON! When I visited China I was blown away with it's futuristic developments. It was NOTHING LIKE what I've been told as an Aussie living in the Western World. Westerners who have been fortunate enough to see China first hand ... need to promote the TRUTH about China. A Coopers to you mate for your positive approach to enlightening other Westerners about China.
@CyrusJanssen3 жыл бұрын
Awesome! Thanks for the support mate
@camillastones77883 жыл бұрын
*Friends I'm not telling you to resign from Your Job or abandon Your business, I'm telling you to create another source of income.....BE wise*
@wilianslogan74813 жыл бұрын
Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today
@user-qc9vz3ds5f3 жыл бұрын
Crypto is the new gold
@jenniferlopezs99953 жыл бұрын
Mr Barry Silbert has been managing my trade for months and I keep making profits every week, I made $9,130 last week
@mikerobertson63463 жыл бұрын
He's Really amazing with an amazing skills he changed my 0.3btc to 2.1btc
@louisanderson24233 жыл бұрын
How do I start trading with Mr Barry Silbert
@minn.13 жыл бұрын
A great topic and thanks for the very informative interview on China’s digital currency 👍
@willengel24583 жыл бұрын
China invented the world's first paper money during Ming dynasty (1368-1644) China is the first country to go digital. 👍😊
@cyrusharman12913 жыл бұрын
In fact, in the Song Dynasty (960-1279), Chinese merchants had already begun to use paper money. In 1023, the Song Dynasty government issued official paper money.
@hilarysexton13433 жыл бұрын
Thanks for your explanation. I am an Australian expatriate living in China. Almost never use cash now. Wechat is brilliant. Superbly fast and convenient.
@SmoothOperator1233 жыл бұрын
Thank you Cyrus and guest Mr. Turrin for a very interesting and informative session, as we find ourselves living in another transitional period back to the future.
@norrinjonzz82373 жыл бұрын
Amazing guest and topic, please do more videos about China's technology and infrastructure plans as they relate to the goals and intentions of China's government planning, I think this is what will help bridge the gap in understanding between china and the west, thanks for content that is so far better than any MSM from the West
@erich6233 жыл бұрын
The standardization is what developing your system earlier will provide. This I believe is what the USA is concerned about WRT digital Yuan, coupled with the loss of control through a SWIFT like process. Also Cyrus, Richard was a great presenter on the subject I've yet to hear a better breakdown of what this currency will do and the implications of it!
@picandvideo3 жыл бұрын
It’s like an OS for RMB. 😳🇨🇳👍 If China does not impose taxation on the account then it would be a shock for western system.
@cklim93733 жыл бұрын
Thks Cyrus for bringing Richard on board in providing an insightful explaination on the Digital Yuan. Big thumb up to Richard. Will order a copy of his book as soon as I can
@ivanho72683 жыл бұрын
China don't have ambition to change the world, their development is for in the interest of the people. Whether the rest of the world would adopt digital currency system, it is up to each economy’s choice. Digital Yuan is efficient, environmental friendly, hygiene, productive, and numerous merits for consumers and businesses.
@leo33343 жыл бұрын
Its a good time for the world to have a common currency. the Chinese digital currency can be used as the world currency. SWIFT etc. has had its day. The Chinese digital currency is transparent, its fast, and its digitally linked to everything.
@sudhirbector3 жыл бұрын
Very well done. Thanks for explaining in a simple format. Learned a lot about what appeared earlier to be a complex maze of financial mumbo jumbo. Truely appreciate your effort and initiative. Thanks once again.
@benedictchin52613 жыл бұрын
Thank you for this session, and thank you for bringing on Richard Turin to demystify the mechanism of the digital Yuan.
@bendobendotrango30253 жыл бұрын
Greetings from the tiny red dot. Excellent video! Richard is clear and precise in his explanation. Thank you Cyrus.
@george66963 жыл бұрын
Very easy to understand, put it this way, if you go shopping online or in the shop using a credit card you do not need to get a charge from the bank fee of 2 %, the business that sells you the good also do not get charged transaction fee, if you have to buy good from oversea, you do not need to convert the different currency into US dollar, this is stopping the American bank from making a lot of profit from doing nothing by charging a fee on a card transaction, and currency exchange,
@jirapolottpobukadee11393 жыл бұрын
I agree with your comments
@muyy13 жыл бұрын
I dont get it, how come u dont need to convert to us dollor once u purchase oversea
@liu3gz3 жыл бұрын
@@muyy1 imagine, just imagine, in not far future, when you go online shopping, every product has two price tags, one in USD and one in CBDC, and the latter is always 5% cheaper than the former. And everything you sell or your service CAN choose to be paid in either USD or CBDC, then you really don't need currency exchange for every transaction. You probably need to exchange USD to CBDC occasionally just to balance your accounts, but these exchange will be way cheaper than your do for every transaction.
@inuwooddog30273 жыл бұрын
Very clear and informative. I was having problems understanding digital currency. This interview explains a lot.
@thef22raptor153 жыл бұрын
The Chinese have taught me a lot. I use a lot of their tactics to accomplish my goals faster.
@ravencoinspremiumadminasse62653 жыл бұрын
RAVENCOIN's RENMINBI token is for sale $4,000,000
@riviera.capital90433 жыл бұрын
@@ravencoinspremiumadminasse6265 Dreamer
@giankarlosverko64863 жыл бұрын
Tactics like what? I’m curious. I’d like to accomplish goals faster.
@thef22raptor153 жыл бұрын
@@giankarlosverko6486 Well it's simpler than you think. Ctrl+C, Ctrl+V. Copyright violation is a tactic too.
@giankarlosverko64863 жыл бұрын
@@thef22raptor15lol what
@patriciapang33033 жыл бұрын
Thank you Cyrus & Richard for the Q&A on digital RMB. I have worked in the banking industry for the last 25 years & is familiar with Swift etc... This video is extremely educational & enlightening for me. Am excited & cannot wait to see how the future of digital currencies pan out.
@gl72523 жыл бұрын
Really helpful to understanding digital currency.
@AlexKai7393 жыл бұрын
Thanks Cyrus. So far this is the best explanation I have heard about digital Yuan. !
@nileshbhattacharya25263 жыл бұрын
China is so fast in technology. Soon whole world were using Chinese technologies, equipment etc China is the future+ global power also. Thank you Cyrus uncle for this amazing video. I really appreciate your hard work. ... Pls make a video about 1) China's population 2) China superpower in 2050 Or 3) Aging issue. .... 🙏..
@skchung83313 жыл бұрын
Excellent explanation of the digital currency now many countries are planning to use and China is the pioneer.
@relaxwhc3 жыл бұрын
In China, you can walk into a shop, take something, and walk out without paying or swiping. The transaction happens automagically behind the scene. China is living in the future.
@nocturnally8793 жыл бұрын
Wow..
@somethinglikethisone66353 жыл бұрын
Not always, but some do
@tjij-mbai3 жыл бұрын
😂😂😂😶😂😂😂
@Shenzhou.3 жыл бұрын
The advantage of China's digital Yuan is that short term visitors to China get to enjoy the convenience of using WeChat Pay/Alipay, all without the requirement of setting up a Chinese bank account first. Hopefully it will draw more international tourists to China and allow them to enjoy the convenience of mobile payment in China.
@Smiler27243 жыл бұрын
@@Shenzhou. What about quantum financial system?
@kingchoy66533 жыл бұрын
When I leave my apartment in Shenzhen each morning, all I have to remember to bring is my phone ...
@af6643 жыл бұрын
What do you think of it? Negative more or positive more?
Really envy you guys there. Feeling proud for China.
@Shenzhou.3 жыл бұрын
China's digital Renminbi allows short-term visitors to China to enjoy the convenience of WeChat/Alipay, all without the requirement of setting up a Chinese bank account. So hopefully it will draw more international tourists to China.
@user-hv2lc8hx8k3 жыл бұрын
US dollars are going weak as US is going weak. Eventually, US dollars will no longer be the dominant major currency in global trades.
@namelesssnitchy3 жыл бұрын
yes indeed. it will be crypto currency. but never the chinese one XD
@poseidon613 жыл бұрын
@@namelesssnitchy You think crypto will replace country currency? You think gov will allow Elon or whoever to be able control the country currency?
@namelesssnitchy3 жыл бұрын
@@poseidon61 i don't know. China is doing it. Why wouldn't other countries?
@jackjam24673 жыл бұрын
@@namelesssnitchy you just like dumpest like rock dude… learn more and after talk shit…
@MrGanbat843 жыл бұрын
I am using digital yuan which is so convenient to my life. I love it.
@MegaDiddlemaus3 жыл бұрын
Thanks for sharing this valuable information. I just hope that elder people would manage with this digital technology 🙏
@charlesbrooks87343 жыл бұрын
Thank you so much, Cyrus. This was so clear and helpful. Great questions you asked to lead the clarity.
@chronodepot53802 жыл бұрын
Thanks for the very illuminating insight you and Richard brought to this channel. I'm led to this post by your recent update on Carribean case related to this to showcase the global implications. This topic can potentially evolve into the epi center of the next geopolitical storm. Intelligent insights like this will be very valuable for the public to avoid being blown around like weightless leaves in that storm.
@jinsoonchin52053 жыл бұрын
Thanks for the interview, I learnt a lot on digital currency.
Appreciate your doing this episode , Cyrus. And thank you for being so factual and clear in your explanations, Richard. I learnt a lot here. 👍🏽😃
@jollandyip70373 жыл бұрын
In my business trip to Xiamen few years ago, I was not able to unlock (rent) a bicycle at a beach even though I had cash because my mobile phone was not setup for Alipay. With digital currency, it will be more convenient in my next trip to China.
@liu3gz3 жыл бұрын
I still have questions regarding foreigner using this, how are you supposed to open an account or you don't really need an account?
@jollandyip70373 жыл бұрын
@@liu3gz I could be wrong. In the old way, one needs to open an account in one of banks in China to use WeChat or Alipay on a mobile phone platform. But with new digital RMB, one may buy tokens to be stored digitally in a card (similar to a debit card?) which can be used for payments. We should know more of digital RMB by the time of 2022 Winter Olympic. China should not expect foreigners to open accounts in China to use CBDC, otherwise that would be too cumbersome.
@liu3gz3 жыл бұрын
@@jollandyip7037 thank you for the information, i just did some research on the account issue but couldn't find any. Maybe it is not ready yet. Just one news I read that there is a Chinese online platform which sell electronic components, they did first cross border CBDC transaction during some kinds of Expo in Hainan province few weeks ago, don't know any details but it looks like they are working on it.
@jollandyip70373 жыл бұрын
@@liu3gz In the vlog at timestamps 33:30 and 34:36, Cyrus posted two questions which Richard might have addressed to your question. Payment transfers through devices (mobile phone or card) do not require internet access. This implies no access to a bank account. The digital RMB in a mobile phone or a card purchased can be used to scan QR codes for payments.
@m0nsant03 жыл бұрын
Thanks Cyrus. Just found your channel and I have to say, I found it fundamentaly very well informative. Great for my needs as an investor in Chinese companies to learn more about topics like this. Thanks!
@kckoay62113 жыл бұрын
Today’s mobile payment is still inseparable from the Internet, but what China is introducing (in its digital yuan payment mechanism) is that in the absence of a network or a poor network, the users can make payments through what is called the “双离线支付”, or “dual offline payment" with the touch of two devices. As long as the user downloaded the dual offline payment function APP, they can complete the transfer or payment by just touching their devices.
@jxmai76873 жыл бұрын
a transaction is a process with releasing the digital code string from one device and accepting by another device.
@lizerich70443 жыл бұрын
Great information about Digital RMB
@sunshinesun1213 жыл бұрын
As a Retiree from another Country ..... This Digital Currency would be a GREAT BLESSING to us. Cannot wait for CHINA to use it.
@namelesssnitchy3 жыл бұрын
I hope they will block the whole thing. Ccp mafia wil Just usenit to control your ass
@williamwang93533 жыл бұрын
This is the first true digital currency in the world .
@MarkYeung13 жыл бұрын
Digital currency is another step in the evolution of money.
@raymond27043 жыл бұрын
This is very interesting and informative, I can see a great future for digital currencies like RMB. Thanks for giving us this information in laymen language
@maxsweetman63413 жыл бұрын
Thankyou Cyrus that was very enlightening good job, Richard explains this clearly and simply I almost understand it and that is unusual when it comes to finance speak
@frankm43493 жыл бұрын
Great discussion and information. Thanks Cyrus and Richard!
@petrichor47533 жыл бұрын
What a humble and experienced guest! Thank you for the great explanation!
@CyrusJanssen3 жыл бұрын
Glad you enjoyed it!
@networm783 жыл бұрын
I think the question of whether the digital RMB will replace the USD is quite understated. Countries involved in the BRI will hold lots of digital RMB for trading with China. Since the infrastructure for the digital RMB would have already been built, these countries would also use the digital RMB to trade among themselves instead of reinventing the wheel. After all, the main purpose of money is to facilitate trade, it doesn't matter what medium is used, especially with a currency far more stable and less fickle than the USD. As China's trade with countries increase, and they will, the digital RMB reserves in these countries will also grow, eventually eclipsing the USD. China says the purpose of the digital RMB is not to replace the USD and the reserve currency, but that doesn't mean it wouldn't.
@Blaurth3 жыл бұрын
Great content, amazing insight. Thank you Cyrus.
@peterreber76713 жыл бұрын
A brilliant contribution. So exciting to see the potential it can unlock.
@tatpan46913 жыл бұрын
I have decided to purchase the book “Cashless”. Thanks for the introduction.
@CyrusJanssen3 жыл бұрын
Wonderful! I hope you enjoy it
@richardyiphk3 жыл бұрын
True, China did change very fast. no debate, no check-and-balance BS, and of course no objection. Only a node from the Great Leader Xi.
@tatpan46913 жыл бұрын
This is inspiring
@CyrusJanssen3 жыл бұрын
Awesome! So glad you enjoyed
@Camille_Boomer770003 жыл бұрын
Great interview! I learned a lot and I'm adding the book to my to read list. :)
@kko-punch70593 жыл бұрын
Cyrus, your programs are all educational 👏👍
@tobiasrekker53763 жыл бұрын
Thank you Cyrus for sharing this video it is very informative, great work.
@Tiauhui3 жыл бұрын
Thks Bro Cyrus for the video.....best rgds from Indonesia
@ckaining13 жыл бұрын
Thank you. Great interview. Leaning our future!
@johnmyviews37613 жыл бұрын
Thanks for this very important discussion, however it raised other questions for me about the impact interest on savings or borrowing, national debt and quantitative easing amongst other financial instruments
@philip72883 жыл бұрын
very very informative discussion......superb!! ....kudos to both Richard and Cyrus