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0 pointsmieses6y ago0 comments

China's economic tactic is to convert their manipulated currency into dollars. China is desperate for dollars. No one trades in or trusts RMB.

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magicsmoke6y ago

Except when they need to buy anything from China. Or are all those factories an illusion as well?

throwaway19976y ago

I buy from China as part of my job and we usually either buy in Hong Kong dollars, US dollars or RMB and dump the RMB as soon as possible. One of the reasons that HK exists in its current form is to allow us to easily dump RMB.

xenihn6y ago

Isn't that conducted in dollars?

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