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Thread: Currency war is coming?
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[quote=MARRIE,408894]Injecting more and more bank notes into circulation or bailout and at the same time buying back paper money via treasury debt can significantly curb the inflation--the major reason for economic crash. And that's what US is doing. On the other hand, China won't pour its reserves only into US treasury any more but looking at European debt mkt and direct capital investment in tangible assets overseas like mining industry, tech industry...However, the value of RMB is to move inversely agasint other currency but we don't want to see it appreciating at fast pace coz we have too many labors (I don't think our labor quality is lower than other, we are cheap because of oversupplies of labors )even if our techology has already caught up for our products targeting the high end mkt.[/quote]
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