How Western Publications and Institutions are “Talking-Down” the Chinese Currency
The aptly named Project Syndicate, along with Forbes, and other Western publications and institutions, have recently been publishing and releasing information on China and the assumed de-internationalization of the renminbi.
One of their arguments is that China has had to tighten domestic regulations to prevent further increase of capital outflows. POM readers will understand that this is just the caution and balanced approach which the People’s Bank of China has had to take in order to prevent manipulation from outside forces.
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