Tag Archives: float the currency

Andy Xie: China Should Float the Currency in the Long Run

Dr Andy Xie considers that China should float it s currency in the long run. China is the biggest foreign investor in U.S. Treasuries. Its holdings reached a record $1.149 trillion in April, a Treasury Department report said in June. Being more independent, and not relying on another currency to provide the feeling of stability, […]

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