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Can look and buy a small amount of Bank of China
Still strong and growing steadily
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Some said China can always print money to handle its debts as the US has done. They might not want to do it; at least, not until the Chinese Yuan can be as popular as the USD, which makes up over 60% of all known central bank foreign exchange reserves. This is because printing money always devalues the currency. Because USD is a global currency, almost all countries will devalue their currencies at the same in order to maintain the rate with USD. Also when Xi took over office, China's debt increased at a rate of about 2 Trillion per year and they have been drawing down quite a lot from its foreign reserves at the same time when they devalued their currency to maintain the rate with USD.
https://skyjuiceiswater.blogspot.com/202...#jumpspot5
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(This post was last modified: 01-07-2022, 10:32 PM by
revealer.)
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Omni likes my post and he always bump it up for me. Thank u Omni.
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Omni likes my post and he always bump it up for me. Thank u Omni.
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中国这次真的扛不住了,经济危机大爆发,韭菜上演大逃离
經濟崩塌!慘不忍睹!79%店鋪倒閉,小粉紅垂死掙紮,收入狂跌90%,生意壹落千丈,行業壹片死寂,不到100米就關閉3家店,做壹單虧壹單,都在夾縫中求生存
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(25-06-2022, 02:06 PM)Fleetdestroyer Wrote: Everybody’s know you are moronic kokee king of lies bullshit and know nuts no worries for China hor
China have
BRICS
Belt and road
RECP
Huat arh huat arh huat arh
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(25-06-2022, 08:14 PM)webinarian Wrote:
Fed has been printing money since 2009 with start of QEs.
Why you, called yourself know-all, don't talk of Fed's printing of $ ?
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