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> You can't trust china to not manipulate it. Rather you 'can* trust China to manipulate it when needed, they need the currency to serve specific macroeconomic
by CyanBird 5y ago
> You can't trust china to not manipulate it.
Rather you 'can* trust China to manipulate it when needed, they need the currency to serve specific macroeconomic policy decisions and they will use the levers on their power to achieve it, the fact that western speculators might get burned for it is not a core government interest at this time, maybe in the future