I am a regular "Joe" may be not a plumber but a regular average next door guy who is concerned with USA economy. Currently underemployed and with a $ 250 000 in student loans and with a bankruptcy filed not long time ago my passion for the state of the economy arouse ... My purpose is to gather information from different journals and or blogs and help those fellows americans interested in the economy have a broader perception of what really is happening.
The yuan is peg to the dollar which means that any fluctuation in the dollar will affect the renmibi...The reserves that China has are for paying for the imports and foreign obligations and not for investing in the country; if the Yuan were appreciated many countries even USA would be affected adversely, the winner would be China
The yuan is peg to the dollar which means that any fluctuation in the dollar will affect the renmibi...The reserves that China has are for paying for the imports and foreign obligations and not for investing in the country; if the Yuan were appreciated many countries even USA would be affected adversely, the winner would be China
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