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Isn't it funny, when the Chinese don't loosen their currency, it's called mercantilism; when they do, they "pimp [the CNY] as a reserve currency". A case of dam
by HSO 14y ago
Isn't it funny, when the Chinese don't loosen their currency, it's called mercantilism; when they do, they "pimp [the CNY] as a reserve currency". A case of damned if they do, damned if they don't?
- philiphodgen 14y agoYeah it is a no-win. Not only for the Chinese government but for all of us--critics will be with us. The Chinese government is taking an action to create its own future. Let's see what happens. I was a boy living in Africa at the tail end of the Empire. I still remember watching the pound sterling slowly drift into irrelevance.