2 ms·
They have to keep buying them -- their economy is based on keeping the yuan artificially cheap compared to the dollar. In order to maintain this out-of-balance
by jbooth 17y ago
They have to keep buying them -- their economy is based on keeping the yuan artificially cheap compared to the dollar. In order to maintain this out-of-balance price, they have to keep buying dollars with yuan, taking dollars out of the market and increasing the supply of yuan.