Some Yuan Reality

[Walt]

The Chinese Yuan briefly surpassed a Dollar in global reserve currencies.... Just not the Dollar you would think of. The Yuan briefly surpassed the CANADIAN Dollar, but now is below the CANADIAN Dollar. It is between the Canadian Dollar and the Australian Dollar, in sixth place in the world. It has 2.3% of the reserve currencies, and falling quickly.

Meanwhile, Yuan peaked against the US Dollar in 2014. To remain competitive, the Chinese have slowly devalued their currency against the Dollar for a decade now. It is now worth 16% less in terms of Dollars.

China’s currency is not as influential as once imagined

Its share of international reserves has stalled

www.economist.com

 

[Hawkeye10]

The Chinese Yuan briefly surpassed a Dollar in global reserve currencies.... Just not the Dollar you would think of. The Yuan briefly surpassed the CANADIAN Dollar, but now is below the CANADIAN Dollar. It is between the Canadian Dollar and the Australian Dollar, in sixth place in the world. It has 2.3% of the reserve currencies, and falling quickly.

Meanwhile, Yuan peaked against the US Dollar in 2014. To remain competitive, the Chinese have slowly devalued their currency against the Dollar for a decade now. It is now worth 16% less in terms of Dollars.

China’s currency is not as influential as once imagined

Its share of international reserves has stalled

www.economist.com

Go look at a Chinese city and then compare it to an American city.

 

[Hawkeye10]

Performance matters in this particular universe.

Buckle Up!

 

[Walt]

Go look at a Chinese city and then compare it to an American city.

There used to be hope in China... Now there just is a lot of despair.

 

[Walt]

Performance matters in this particular universe.

Buckle Up!

China is performing behind Canada... There is no reason that should be happening other than severely poor monetary planning.