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Yuan shot heard round the world but quiet in China

13 pointsby rjettalmost 15 years ago

1 comment

pmjordanalmost 15 years ago
Forgive my ignorance, but what exactly stops the Yuan's value fluctuating based on market conditions? If the likes of George Soros can destabilise the GBP back in the day, what exactly keeps the Yuan stable? Does the Chinese government basically promise to indefinitely buy and sell Yuan at a fixed USD exchange rate?
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