The Biggest Problem China Faces Isn’t Real Estate
Backlink: THE EPOCH TIMES After it joined the World Trade Organization in 2000 and anchored the Chinese yuan (a.k.a. renminbi) to the U.S. dollar, China linked its economy to the United States. Enforcing a fixed exchange rate regime with strict capital controls, China benefited from large inflows and relatively low-interest rates due largely to […]
Read More… from The Biggest Problem China Faces Isn’t Real Estate