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How is China devaluing their currency?
Posted on 8/14/15 at 10:57 am
Posted on 8/14/15 at 10:57 am
But which I mean what mechanism are they using? Are they just "printing" more?
Thanks!
Thanks!
1
Posted on 8/14/15 at 11:02 am to BigJim
Posted on 8/14/15 at 11:20 am to I Love Bama
quote:
Today, the situation is different in an important respect: The Chinese economy is weak while the US economy is strong, which is exerting downward pressure on the yuan. That means China doesn't have to intervene to make its currency cheaper — it can just let market forces push the yuan down.
Thanks, good read. Given the above quote, its seems like most of the coverage ("China devaluing their currency") is misleading. No huge shocker there I guess.
Posted on 8/14/15 at 1:07 pm to I Love Bama
Good article. I have never understood why people freak out about the devaluation of the yuan. China has been subsidizing US consumers for years. I don't see it as a bad thing.
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