4 ms·
> a) it is trying to maintain a fixed exchange rate I thought China is trying to maintain an exchange rate (or rate "band") with the USD.
by dmm 17y ago
> a) it is trying to maintain a fixed exchange rate
I thought China is trying to maintain an exchange rate (or rate "band") with the USD.
- bokonist 17y agoSort of, but China's main concern is to prevent its currency from appreciating too much. The danger of too much debt is the opposite problem - too much debt forces a devaluation. So again, the level of debt is not a problem for China.