| Submit your comments on this article |
| China-Japan-Koreas |
| PBoC Takes Another Step To Establish Yuan As Reserve Currency |
| 2011-03-11 |
| Posted by:tipper |
| #3 China is seen as dishonest, with its economy manipulated by its government And this differs from the US how? |
| Posted by: Glenmore 2011-03-11 22:13 |
| #2 The more they look like they're trying to increase the value of the Yuan, the more Yuan they can print. One of the dirty secrets of recent times is that China wants to LOOK like its currency is valuable but artificially depressed by currency exchanges when they're inflating it. |
| Posted by: Thing From Snowy Mountain 2011-03-11 13:04 |
| #1 The Yuan won't be adopted as a reserve currency, no matter how much the Chinese government wants it to be, for the simple reasons that China is seen as dishonest, with its economy manipulated by its government solely for its short term interests; that the central government does not require the regional governments to obey the national law; that its economy lacks transparency; and that China is a kleptocracy with other nations technology and patents. This means every investment in China must be calculated ahead of time as potentially being a 100% loss; there are no corrective mechanisms in their government to improve the situation, either. |
| Posted by: Anonymoose 2011-03-11 10:33 |