China and the Dollar
The recent decline in the US dollar is challenging for China, since this increases the cost of their goods. I am curious to see if they will be intervening in the currency market as other countries have recently on the dollar.
Known Facts:
Known Facts:
- China has been helping finance the US National debt by buying treasury bonds.
- China is economy is export focused.
- China has a tremendous amount of investments in dollars.
- China relies on a favorable exchange rate with the US.
- The US is China's largest trading partner.
Labels: china economy
posted by Ray at
6:47 PM
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