Get to know this guy. While he doesn't exactly run China's economy, he has the ear of the people that do. He apparently persuaded the leadership to further liberalize the currency and is certainly a top influencer. He is approaching retirement so this is his last stand.
Bloomberg
China’s Zhou Kept Repeating the Bubble ‘Burst’ at G-20 Meeting James Mayger
They are probably thinking: "Hey! now we are just like the US which had a stock market crash in 1929!... we're really moving up in the world!!!"
ReplyDeleteIf we lose it and go back to living in tee-pees, then the big new rage in China will become living in tee-pees....
They will come over here and buy some bison to breed with whatever USDs they have left and try to build a prairie over there in China and follow the bison around...
ReplyDelete