business

China's June forex reserves unexpectedly rise to $3.21 trillion amid yuan worries

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Obviously China isn't playing fair. They manipulate their currency instead of going through quantitative easing like what US and Japan does.....

1 ( +4 / -3 )

Now, if only the Chinese would invest a big proportion of this in the UK they could probably capture the country whole and Brexiteers could claim success. Seems to be the UK's best chance.

0 ( +3 / -3 )

ThePBotJul. 09, 2016 - 07:25AM JST

Obviously China isn't playing fair. They manipulate their currency

'Manipulate their currency' has the semantics of 'they weaken their currency'. Usually to give their exports an advantage.

The Chinese for the last 12 months have spent a large portion of their foreign reserves to strengthen their currency and stop a capital flight out of China.

China needs to restock some of those spent currencies; that's all that's happening here.

Now if you want to talk about a serial currency manipulator.. look no further than Japan.

-1 ( +3 / -4 )

Now if you want to talk about a serial currency manipulator.. look no further than Japan. oh please give it a rest, nobody has spent more money than China or the US in the currency markets, over the years either directly or indirectly. doesn't matter if you're trying to strengthen/weaken your currency, camouflaged as QE , foreign currency reserves procurement etc. the fact remains ever central bank sets policy to benefit their economies, pointing fingers at others just makes themselves look like hyprocrites. why is it the G8 hasn't made the practice illegal!? Because they all fraken do it! LOL

-1 ( +2 / -3 )

Yeah, sure they did.

1 ( +1 / -0 )

So, printing money/QE isn't currency manipulation?

0 ( +0 / -0 )

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