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The yuan will appreciate as the domestic Chinese market grows and the economy becomes less export-driven.
by dilemma 10y ago
The yuan will appreciate as the domestic Chinese market grows and the economy becomes less export-driven.
- brobinson 10y agoBut China is currently propping up the value of the yuan (after a long period of artificially keeping it low to boost exports) and are struggling to deal with their net outflow. I just don't see how their domestic consumption is going to make up for the enormous capital account deficit any time soon, and they're now starting to put restrictions on currency trading for regular citizens...
- brobinson 10y agoRelevant: https://www.bloomberg.com/news/articles/2017-01-26/world-s-biggest-real-estate-buyers-are-suddenly-short-on-cash https://www.bloomberg.com/news/articles/2017-01-26/world-s-b...