Tuesday, September 15, 2020

China should seize the moment to free up controls on the yuan to expand its international use — Zhou Xin


Amen. Linking a currency to another currency weakens currency sovereignty. Capital controls are unnecessary for a large, self-sufficient country like China. Follow Russia's lead in decoupling.

SCMP
China should seize the moment to free up controls on the yuan to expand its international use
Zhou Xin

3 comments:

Matt Franko said...

Once someone over there can get some novichok into Putin and he croaks Russia will revert right back immediately to USD zombieism....

Peter Pan said...

What's wrong with capital controls?

Mike Norman said...

Absolutely correct, Matt.