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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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FYI: XIN GỬI LẠI CHO ACE “QUẺ BÓI” CỦA “QUỶ CỐC TIÊN SINH” (NAY CÓ NICKNAME MỚI “QUÁI NHÂN ĐẠI ẨN” ) ĐÃ GỬI NGÀY 20/12/2018: HI ALL,QUẺ BÓI NÀO CŨNG ĐỀU DỰA TRÊN NHỮNG GIẢ THIẾT NHẤT ĐỊNH:I-“NỘI KIỆT/TIPPING POINT”: 1.1-NGUỒN TÀI NGUYÊN THIÊN NHIÊN (KHÔNG TÁI TẠO) ĐANG CẠN; 1.2-02 CÁI DUY NHẤT […]

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https://www.cnbc.com/2019/08/23/bad-sign-for-trade-talks-trump-calls-china-president-xi-enemy.html

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