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re: A Chinese Belgian Waffle?
Posted on 12/21/14 at 8:10 am to Coeur du Tigre
Posted on 12/21/14 at 8:10 am to Coeur du Tigre
quote:It facilitates trade with European and other western countries.
Ok, my question is why?
It might also be an indication that China wants some insurance in case it is ever hit with sanctions by the west (ala, Russia currently) and its assets held in China become frozen out by the West. As such the Euroclear holdings are a diversification of risk tactic.
The Chinese may claim to be communists, but they are damn good capitalists when it comes to their money.
2
Posted on 12/21/14 at 9:08 am to LSURussian
quote:
The Chinese may claim to be communists, but they are damn good capitalists when it comes to their money.
That's sig worthy
Posted on 12/21/14 at 11:59 pm to LSURussian
Ok, thanks Russian, that makes sense. It seems the Chinese are not suspect.
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