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The article has a billboard (is it for real btw?) with "RMB: NEW CHOICE, the World Currency" yes RMB is a quite tightly controlled currency when compared to the

• dogma1138 11y ago
  How is the RMB tightly controlled? They print it like mad and buy US treasury notes with it (mostly debt bonds) which both keeps the RMB low for cheap local production costs and allows the US to keep the dollar at relatively high value compared to its circulation. Japan is also a huge US debt holder (it also has a similar scheme to China, but managed quite differently) both it and China own 1.2-1.3 trillion dollars of debt atm. No country not even China would be mad enough to try and write off holdings which are worth over 10% of their GDP, especially when their public debt is almost 300% of their GDP.