To: TigerLikesRooster
The strength of the dollar should be devaluing the yuan by itself...China must be in far worse shape than they let on!
13 posted on
08/12/2015 8:35:44 PM PDT by
rwh
To: rwh
China has been dumping money for several years to boost real estate and stock markets. It finally ran its course. Transforming their export-oriented growth model into domestic consumption-oriented one is not working. Not fast enough anyway, which should surprise no one.
14 posted on
08/12/2015 8:41:50 PM PDT by
TigerLikesRooster
(The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
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