Chinese Banks Increase Interest In Luxembourg

News Analysis: Since Luxembourg is very adept at running its affairs properly, Chinese Banks have expressed interest in locating some Operations there. To date, the Bank of China, China Construction Bank, and the Industrial and Commercial Bank of China have located in Luxembourg. Apparently, other Chinese Banks are considering enjoying the benefits of operating in a Well-run European Country.

Luxembourg is of 2,586 km2 (998 mi2) and a financially stable Country of 515,000+/- People. It enjoys its closeness to Belgium, France, and Germany. This country’s Gross Domestic Product amounts to $42+ Billion Dollars. Luxembourg reportedly has $1+ Trillion Dollars of Foreign Reserves and Gold Reserves.

The Wisdom of the 10,000 Year Old Culture of China helps its people see the benefit of seeking Long-Term Amiable Relationships with others. Who is  better to fit this Categorization for Association with the Chinese than Luxembourg? Few, if Any.

Reality.

Reference: http://www.wort.lu/en/view/chinese-arms-company-invests-in-luxembourg-52e23332e4b0d04608bfb22f

China Construction Bank Opens Its European Headquarters in Luxembourg

News Analysis:  A goal of omnipresent use of the Chinese Yuan [Renminbi] , throughout the international banking community, will be facilitated by such bank openings. An increase in Yuan bank deposits in a multitude of countries will assist this process.

Present U.S. Dollar denominated banking will subside over the years as the profligate spending by U.S. Government leaders remains unabated. The current, for the moment, $17,000,000,000,000.00 deficit cannot logically be expected to be paid off in the foreseeable future [especially with the present-day thinking in Washington]. As a result of the financial debacle in America, being maintained by “U.S. Financial Masters of the Universe”,  ‘Print More Money’ has been, is, and will be, their clarion call. Due to the fact that there is ‘little to back the Dollar up’, Arbitrageurs will look to other currencies for strength.

Reference: http://tinyurl.com/mteyzfy