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Actually, China goes way beyond that. Where the U.S tries to nudge things one way or the other indirectly (by changing interest rates and the like), China has t
by mahranch 11y ago
Actually, China goes way beyond that. Where the U.S tries to nudge things one way or the other indirectly (by changing interest rates and the like), China has total control over their economic & monetary system (including the banks). And they exert that control almost daily. It's one of the reasons why the Chinese Yuan will replace the dollar as the world's reserve currency.
- branchless 11y agoI think the US and the UK interfere plenty. At least China isn't pretending they are against central control whilst pumping out "free market" rhetoric.
- happyscrappy 11y agoThe US let Lehman fail which was about all they could stomach.