Never underestimate China

Never underestimate China

Dear Belle,you should come to China to observe the reality here, speculating through western lens does not make good journalism about China. I do agree with you on the possibility of Yuan devaluation, however Yuan devaluation is not China’s way to confiscate the wealth of Chinese rentiers but merely a policy tool to stay competitive economically and remain relevant to the international currency game dominated by the likes of Abenomics.


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