Could a growing global skepticism of manufactured goods crash the world’s largest manufacturing economy?
Tuesday, June 7, 2016
China’s Currency and Reserves Decline
It’s hard to find two experts who agree on what’s happening with China’s currency which continues to decline in value. I believe to understand the exchange rates you have to look at currency reserves. China’s stock of foreign currency is declining sharply, and that suggests to me that there is not much more China can realistically do to support its currency.