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

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....; September 15, 2020 at 8:44 PM
Peter Pan said...: What's wrong with capital controls?; September 15, 2020 at 9:23 PM
Mike Norman said...: Absolutely correct, Matt.; September 16, 2020 at 6:09 AM

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