All entries for Friday 29 October 2010

October 29, 2010

Next currency war in China ?

Is currency war in China?

Since after 2008, almost all over the world was implicated by financial crisis, China is no exception.

Most people thought that China has a promising future, but I don't think so.

China has about 2.6 trillion foreign exchange reserves which has continued shrinking because of the continuous depreciation of dollar.

The government of Obama forced appreciation of the renminbi, which further made the foreign exchange reserves shrank.

Thirdly, a black hand has entered into China several years ago.

A huge number of hot money injected into China's real estate, stock market, future market, and other finance market, therefore China looks like a investment 'hot area'. Unluckily, it may be a long premeditated conspiracy. Is it a real conspiracy? Is currency war in China? Even if it is a conspiracy, what should we do? ... best wishes!

October 2010

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