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Showing posts with label SDR. Show all posts
Showing posts with label SDR. Show all posts

Tuesday, August 2, 2011

AGE OF MULTIPOLAR CURRENCY WARS. Part I



The USA and the EU demand China to revalue Yuan, but the Chinese authorities deny this request, stating that this will lead to bankruptcy of Chinese enterprises and, accordingly, to the growth of unemployment and social instability, which Beijing afraid even more than the discontent of its trade partners. As a counter-thesis in the debate with the USA, China presses the charges of uncontrolled emission of the U.S. dollars, which, according to the PRC, provoked the imbalance of the world economy.