Mao or Deng—Xi’s yin and yang: The Chinese yuan looks good long term
I have been quite critical of China for a while. I was firmly aboard the crisis bandwagon. But I may soon be jumping off (maybe that capitulation alone suggest crisis is near). Be that as it may, just as the dollar doom and gloom crowd has been consistently wrong about the “dollar’s demise,” people like me been wrong when it comes to China’s “pending crisis.”
….read the whole .pdf HERE
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