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Chinese government buying up foreign companies before they devalue yuan by 50%. makes sense.
by sharetea 11y ago
Chinese government buying up foreign companies before they devalue yuan by 50%. makes sense.
- ksec 11y agoI think it would be maximum of 20% devaluation. But if we look at the numbers, 20% devaluation would put it back to USD to CNY @ 7.8, this is 2006 / 2007 numbers. This is right before the financial crisis. Since then China GDP have grown 4x!!! 4X In that sense I don't think CNY were ever properly valued.