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NOTHING IS PERMANENT EXCEPT CHANGE

What is different in this slowdown is China’s floating currency. In prior periods, China’s strategy was demand stimulation. Now, quite a bit of the work can be done through depreciation of the renminbi. Exports have increased. Compare a strategy of insulating China through currency depreciation as opposed to demand stimulation: The former is somewhat destructive for those exporting into China; the latter is much more supportive of emerging markets.

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“ĐỌC MÀ KHÔNG ĐẶT CÂU HỎI HOÀI NGHI VỀ NHỮNG ĐIỀU MÌNH ĐANG ĐỌC THÌ CHẲNG KHÁC GÌ NHÉT THỰC PHẨM VÀO MIỆNG MÀ KHÔNG HỀ BIẾT NHỮNG THỨ THỰC PHẨM ĐÓ CÓ LỢI HAY CÓ HẠI NHƯ THẾ NÀO !”-ẨN SỸ ĐẠI NGU https://nationalinterest.org/feature/how-media-got-it-wrong-trump-and-russia-49557

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