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Thread: How far will RMB go?
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[quote=MARRIE,270815]Western euro economy fundamentals have been sound. Several years ago, euro boosted from china bought more euro to reduce reliance on U$. Quotes ‘a rupturing of China's housing market and we could see 7.75RMB to $1 very quickly.’ Shanghai’s real-estate had been high rocketing until central govt took actions on stabilizing housing mkt and making shelter affordable to the mass. I heard that it’s valued at RMB 20,000-40,000 /per sq m in Shanghai but it’s far below the real value compared with that in HK and Tokyo. If real estate in china east coast is pure mkt behaviour like in US together with free flt ex. RMB 4: U$1 is expected soon. [/quote]
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