MercoPress. South Atlantic News Agency
With Chinese New Year over, central bank reaffirms strong Yuan policy
Chinese central bank governor Zhou Xiaochuan has accused “speculative forces” of targeting the country's currency, the Yuan, and argued there was no reason for the Yuan to keep depreciating in value and that China would not let international speculators dominate market sentiment. Read full article
Comments
Disclaimer & comment rulesThe equity market should be taxed when entering in the BRICS countries.
Feb 15th, 2016 - 10:37 am - Link - Report abuse 0Besides the tax should only be accepted himself yuan as free movement of currency among the BRICS.
I do not see any rationale to continue operating these economic fundamentals in dollars. The dollar should only be accepted in trade with the United States. Only!
With the rest of the world should be used as the Yuan currency basis. This would avoid speculation.
@ 1 Stupid bugger.
Feb 15th, 2016 - 11:03 am - Link - Report abuse 0To the rational people who read these comments:
The mouth piece for the Chin gang of crooks needs to be very careful when he reads these comments designed to strengthen the Yuan.
Allowing it to 'free fall until it hits the bottom' is a bit of a worry. Expecting it to bounce is a bit silly unless it's of the 'dead cat' variety.
Still, it's only the Yuan shit! Who GAF?
@ Mr. Crybaby,
Feb 15th, 2016 - 11:08 am - Link - Report abuse 0The garbage that you write is typical of decadent cultures. Many bad words and no argument.
Brasileiro
Feb 15th, 2016 - 11:34 am - Link - Report abuse 0Why are BRICS still using the US dollar? I mean come on now, get your lazy arses into gear and actually do it already.
No one is forcing any of the BRICS to run their economies so badly. You're doing it all by yourself. The lunatics are running their own asylum.
As for 6.9% growth in China. Pfffffft.... how they claim that with a straight face is beyond me.
Either way we made BILLIONS out of China and still do. The transfer of Chinese wealth to Australia is staggering. I don't care if it is in Yuan or Dollars. As long as they pay.
“Why are BRICS still using the US dollar?”
Feb 15th, 2016 - 11:38 am - Link - Report abuse 0Who said that?
Why are BRICs using the $. The Chinese are selling the Renminbe like crazy at the moment and buying $. They are giving tbeir friends $50 ,000 each to get their money OUT of China. They are buying London property like crazy because the Chinese currency is collapsing like the Rupee and the Rouble. London is full of Russians, Chinese and Indians stashing tbeir cash.
Feb 15th, 2016 - 12:52 pm - Link - Report abuse 0Why? Because Britain is a stable safe country with a growing economy and the best place in the world to safeguard your wealth.
Morons like Tobi Nostril the Brazilian nutcase put their meagre savings in Brazilian banks whilst the economy collapses around their ears. Financial illiterates! Bahahahahahaha
The Chinese will find out very quickly that you can't fight the market.
Feb 15th, 2016 - 01:49 pm - Link - Report abuse 0They're doing everything opposite of what they should be doing.
Kaboom.
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