As net capital outflows exceed China’s current account surplus, the yuan currency will necessarily face depreciation pressure. However, China will neither float its currency nor allow a large depreciation. Floating a currency in the global financial system now dominated by the US means making the country’s financial system more exposed to US actions. China’s strategy […]
Tag: Hong Kong Dollar Peg
Posted inAT+
Dollar’s pain not yet the yuan’s gain
Posted inAT+
