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As PBoC Warns Of ‘Market Chaos’, Here’s What’s Next For Chinese Monetary Policy
It's probably fair to say that when it comes to the onset of a global currency war, the proverbial horse has left the barn. But just in case it's not too late, the PBoC on Tuesday "advised the United States to rein in its horse before the precipice".
Beijing also said Trump should "be aware of his administration's errors, and turn back from the wrong path". That path, if the US continues to travel down it, will "severely damage international financial order, cause chaos in financial markets [an
I’ve read a few blogs which are supportive of trump and believe his amazing negotiating skills and hard-line checker game with China will pay off and of course MAGA — however, on the other hand (for over 3 years) the IMF seems to be supportive of China and their floating rate policies, which on the surface appears to take away from trump’s strong hand. If the IMF isn’t going to call China a manipulator, then trump, will as usual, back down and look like the idiot he is.
Inscrutable reality ==> “The figure seven is not our days that leave us, never to return, or a dam that will roll non-stop when the water floods in. It’s more like the water level in the reservoir, it rises and falls during different periods,” PBOC said in a statement.
https://news.cgtn.com/news/2019-08-05/Central-bank-says-Chinese-yuan-remains-strong-IUcgMr0pwI/index.html