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Tariff War Escalates to Currency War, RMB Breaks 7.4 Overnight! Currency Crashes, RMB Sold Off
- Thread starter tobelightlight
- Start date
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I bought a steamer/electric hot pot for peanuts and after several years, it's, still working.
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- Joined
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Don't worry. Xi Jinping seek refuge in malay archipelago.
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Hahahhaha
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Not likely
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Wah lao eh. Please educate yourselves before posting about something you know nothing about.
Once again .... Please remember China has one of the highest savings rates in the world. The top 4 banks with the highest assets are Chinese.
Note the source: Standard & Poor. Not CPC
The Chinese central bank is allowing rmb to devalue is to make exports cheaper. It is going head to head against the devaluing USD as one of the weapons to counter tops the Trump tariffs. Centrally planned economies can do that. Like Singapore
Once again .... Please remember China has one of the highest savings rates in the world. The top 4 banks with the highest assets are Chinese.
Note the source: Standard & Poor. Not CPC
The Chinese central bank is allowing rmb to devalue is to make exports cheaper. It is going head to head against the devaluing USD as one of the weapons to counter tops the Trump tariffs. Centrally planned economies can do that. Like Singapore
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Trump is 军佬?Back in the day when Trump was doing business in NYC, he dealt with the mafia.
Moral of the story: be honest and don't play punk with him.
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It is only common that the biggest banks would be China as it has a population of est 1.4Billion residents. With their savings deposits, it would make any bank looks large.
However, DO NOT BE MISLED.
It is one thing for deposits to be there, & quite another when it is withdrawn. Thus what liquidity would such banks be left with, more so when such entities are State Own under Authoritarian rule?
