Sunday, December 4, 2011

How do you think about rmb exchange rate before the end of this year?

now even we can guess the rmb exchange will be increasing , but we also can see the truth chinese goverment is very serious on this and try to keep steady. so how do you think how about the rmb rate trend in the near 3monthes.|||China is standing like a man and fight. It won in G20 meeting this month, because the US proposal has not gained any support. OK the cold currency war get started. China will not change the bound to let the Yuan go more than now. It will invest a huge sum of foreign reserve in other countries. The project to build a bullet train with Chinese technology from South China via Myanmar to Singapore is the one. To build so many ports as possible in Indian ocean is the other. Oil drilling in Africa will go further. But the US will make the dollar cheaper and cheaper by printing new money and flood to the world. China will loose its dollar reserves day by day. What the heck who will win. But not in three months. The war is long and quiet but creepy.

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