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  • The Chinese leadership 2017-3-16 09:47

    mauriciomunhoz: I agree with you, if China and Russia want to, they will break the dollar. But really, strategically interesting is the fact that the Chinese keep the ...
    (: You are a good analyst.

    But with China transitioning to consumption based economy it is best for Chinese policy makers to take a long view here. Think about it.

  • The Chinese leadership 2017-3-16 07:13

    HailChina!: I think that it is vital for China and other non-western nations to create a Credit Rating Agency and the idea for a BRICS Credit Rating Agency is goo ...
    I agree with you, if China and Russia want to, they will break the dollar. But really, strategically interesting is the fact that the Chinese keep their currency depreciated against the dollar because it keeps the trade flow favorable. A ratings agency would be important to the newly created "BRICS bank" or even as an independent agency, but I also agree, China has no interest in it.

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