Author: abramicus

CHINA REMAINS SHACKLED BY A STILL OVERVALUED YUAN   [Copy link] 中文

Rank: 4

Post time 2017-1-10 15:23:50 |Display all floors
Wasting China's dollar reserves in the name of "defending the yuan" is like wasting one trillion dollars to buy Chinese books and newspapers.  Or, toilet paper, for that matter.  While China is selling dollars, Japan is buying them up, in the name of trying to devalue the Yen.  The truth of the matter is that what dollars China throws away, Japan takes in.  Prima facie laundering.

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