You’re the yuan that I want: A cashier in China stacks towers of 100 yuan notes. While the euro may be in peril (see yesterday’s post) more stones are being removed from the great wall shielding China’s currency from the outside world.
China always remains very interesting to me in their business and currency dealings. It may not be fair but it is ALWAYS in their best interest. I can’t say that I’m all that mad at that. The rest of the world just better wise up.
“In the short run, China has no option but to accumulate more reserves and dollar reserves. Why? Because if they stop doing that, their currency would appreciate sharply while their exports are plunging.”
I am a woman born to Nigerian parents, walking with God, interested in art and technology yet passionate about economics, investments, and capital markets.
At 30, I started this site to be a collection of all that and more forming an eclectic collection of real information. Read more.
"Faith might do, accomplish, and create a lot. In fact, it does."
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