Blog: US designates China as currency manipulator

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3 comment(s). Last comment by laychee 2019-08-06 10:36

chinaman

3,300 posts

Posted by chinaman > 2019-08-06 10:13 | Report Abuse

Why China hold trillion of toilet paper USD? Just throw them, defend CNY to push global confidence on RMB as new world reserves. Now, Trump quickly seize the chance saying China as currency manipulator. RMB must show strong leadership as new reserves. Don't chicken out with devaluation each time trade risk on temporary hiccups., affecting all regional currencies as well. Look at Russia. it has cut off all USD, use only EURO in trade....

chinaman

3,300 posts

Posted by chinaman > 2019-08-06 10:23 | Report Abuse

China with 4 times population over USA naturally should be the world 's largest self-sustained consumer. Over time, China should rely less on US consumers market. So, no need to keep so much toilet paper. export trade model should diminish over time....Let consumer model takes over

laychee

1,743 posts

Posted by laychee > 2019-08-06 10:36 | Report Abuse

If this is all US can do, market will recover.

But one thing for sure, US and China relationship is not good at this moment. Things may change anytime. Who knows!

Will they commit full blown Cold War? DT is a self-acclaimed smart negotiator. Probably not.

Last escalation HK Hang Seng dropped to 23k. See if this support level can break or not.

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