4 ms·
China's economic tactic is to convert their manipulated currency into dollars. China is desperate for dollars. No one trades in or trusts RMB.
by mieses 7y ago
China's economic tactic is to convert their manipulated currency into dollars. China is desperate for dollars. No one trades in or trusts RMB.
- magicsmoke 7y agoExcept when they need to buy anything from China. Or are all those factories an illusion as well?
- xenihn 7y agoIsn't that conducted in dollars?
- throwaway1997 7y agoI buy from China as part of my job and we usually either buy in Hong Kong dollars, US dollars or RMB and dump the RMB as soon as possible. One of the reasons that HK exists in its current form is to allow us to easily dump RMB.