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Actually they're flooding with yuans. 2018 and 19 they opened the gates to avoid the economy crash.
by meerita 7y ago
Actually they're flooding with yuans. 2018 and 19 they opened the gates to avoid the economy crash.
- MR4D 7y agoFlooding their market. Converting to dollars or other currencies is still very limited. [1] and [2] 1 - https://www.bloomberg.com/news/articles/2019-12-12/after-a-decade-of-drama-china-s-yuan-reform-has-far-way-to-go https://www.bloomberg.com/news/articles/2019-12-12/after-a-d... 2 - https://www.scmp.com/economy/china-economy/article/3012312/chinas-capital-outflow-controls-have-gone-extreme-former https://www.scmp.com/economy/china-economy/article/3012312/c...