news24xx.com

Angry with Trump's speech, Pakistan threaten to leave the US Dollar to Yuan

news24xx


Angry with Trump's speech, Pakistan threaten to leave the US Dollar to YuanAngry with Trump's speech, Pakistan threaten to leave the US Dollar to Yuan

News24xx.com -  The words of President of the United States (US) Donald Trump is hurt the feelings of the citizens of Pakistan. Reportedly, Pakistan will replace US dollar with Yuan for business transactions in China on Thursday, January 4, 2018.


As reported from Sindonews, 24 hours after Donald Trump threatened to stop his funding aid, the Central Bank of Pakistan immediately responded that his country will replacing the US Dollar with Yuan China for investment and bilateral trade with Beijing.


Islamabad has a close relationship with Beijing. Especially at this time Beijing became the country as the second largest economy around the world.


The statement from Pakistan was welcomed by the authority of the Republic of China. Spokesman of the Chinese Foreign Ministry, Geng Shuang even defended Pakistan from the allegations of Donald Trump.


"Islamabad has made great efforts and sacrifices to crack down on terrorism," Shuang said.


Actually, the Bamboo Curtain country has long observed the relationship of the country in South Asia with the United States is increasingly tenuous. Moreover, the the US increasingly docked with a Pakistani competitor, namely India.


"Pakistan and America have had many years of relationships, but now there are major changes and the direction is to China," said the Regional Director of Asia at Economist Intelligence Unit, Simon Baptist.


Eve, Simon suspects China will continuing to strengthen bilateral ties with Pakistan. It evidenced by investments under the One Belt and One Road that provides geopolitical advantages to China.


Currently, China invests heavily in funding for key infrastructure in Pakistan. They even built a China-Pakistan Economic Corridor project with price USD 60 billion, known as part of One Belt and One Road.

 

 

 

News24xx.com/wer/dev

(***)

NEWS24XX.COM

Can be read in English and 100 other International languages





Loading...
loading...