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Every time an American buys a widget made in China - a rather frequent event - that causes someone somewhere in the supply chain to have dollars and want RMB.
by rwallace 13y ago
Every time an American buys a widget made in China - a rather frequent event - that causes someone somewhere in the supply chain to have dollars and want RMB.
- seanmcdirmid 13y agoThe government usually takes care of this by buying their RMB. They then usually use the dollars to buy treasuries...