Hoang Chi Trung: the probability of a significant devaluation of the People's Currency is small
EffieBrian
Jun 21
Column of thesis/New waves of opinion leaders (Bkopleader) Middle-United States debt-receiving rates, the movement of people’s currencies against the United States dollar, are rooted in the mismatch of the medium- and the United States economic cycle. However, in the medium term, the basis for significant depreciation of the People’s Currency exchange rate does not exist. Since this year, the U.S.C. reserves have been cut three times, while the Chinese Central Bank has been down three times, ...
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