All posts in " China "
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Do the Reserves of a Nation Matter Anymore?

By admin / January 9, 2016

The goldbugs spun the tail that China was going to save them by making gold $50,000-$100,000 an ounce because money, in their minds, has to be tangible. However, China’s $3 trillion-plus in foreign currency reserves was the biggest stockpile in … →

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China to Stimulate by Cutting Taxes

By admin / December 28, 2015

China is demonstrating that it is more practical than anyone else in the industrialized world. They have announced that they will “reasonably” set limits on new local government debt in 2016. Finance Minister Lou Jiwei said at a work conference … →

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