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China Just Seized an Unmanned US Navy Sub https://t.co/H4MyTF2P90 via @gizmodo #innovation #technology pic.twitter.com/BrCvPDPnxe— DiscoveryHour (@DiscoveryHour) December 16, 2016
China Just Seized an Unmanned US Navy Sub https://t.co/H4MyTF2P90 via @gizmodo #innovation #technology pic.twitter.com/BrCvPDPnxe
It's a message to the Great Negotiator — are your ready for war?
Looks more like a continued zombie scramble for USDs to me Tom...Their China USD reserves have been falling late the China military USD rations might be being cut back so they have to take matters into their own hands...
They have been defending their peg against a rising dollar and negative exchange rate pressure. They need to cut the peg and let the currency float like Russia did. There would likely be a big drop in the USD/CNY and then stabilization as shorts take profits. After that, the rate will recover just like the USD/RUB did in that China's economy is way stronger than Russia's. China is the largest economy based on PPP, which is what counts economically rather than nominal GDP.
Nice uniforms :)
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