thank you so much for this! Thx WorldEconomicforum
I thought it was interesting that the ratio between currencies is coming closer to eachother because everyone is trying to devalue.
Why dont the chinese want to switch to a stronger currency? Wouldnt doing that boost their consumption and help their economy? Sure they would loose on exports a bit, but the Chinese are someday going to be less of a primary and secondary producer of goods and more of a Quaternary and tertiary producer.
thank you so much for this! Thx WorldEconomicforum
I thought it was interesting that the ratio between currencies is coming closer to eachother because everyone is trying to devalue.
Why dont the chinese want to switch to a stronger currency? Wouldnt doing that boost their consumption and help their economy? Sure they would loose on exports a bit, but the Chinese are someday going to be less of a primary and secondary producer of goods and more of a Quaternary and tertiary producer.
mini1gerbel 7 months ago