How the Chinese Move Their Money Out of the Economy - page 2.

bitsmichel

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Quote from: Fortify on March 05, 2016, 04:01:08 PM

Quote from: LiteCoinGuy on March 05, 2016, 04:07:11 AM

- snip -

Very interesting information, just goes to show that no matter how hard authorities try it is impossible to stop people trading one currency for another. If people think the Chinese currency is going to weaken, they will sell and it (doesn't really) reflects on the competency of the leadership. To run a country like China you have to look infallible, but the truth is all humans make mistakes and economies will crash when they need to.

Of course this is impossible. The Chinese could also buy products and sell those products abroad. There's no way to stop trade, not even in the most communist countries.

Fortify

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Quote from: LiteCoinGuy on March 05, 2016, 04:07:11 AM

- snip -

Very interesting information, just goes to show that no matter how hard authorities try it is impossible to stop people trading one currency for another. If people think the Chinese currency is going to weaken, they will sell and it (doesn't really) reflects on the competency of the leadership. To run a country like China you have to look infallible, but the truth is all humans make mistakes and economies will crash when they need to.

LiteCoinGuy

legendary

Activity: 1148

Merit: 1014

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Topic: How the Chinese Move Their Money Out of the Economy - page 2. (Read 1237 times)