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A comment on China sees new world order with oil benchmark backed by gold. Parent comment

Re:China sees new world order with oil benchmark backed by gold by pcr0 on Sunday September 03, 2017 @05:17AM (#15160451)
That doesn't check out. Why would China try to push down the US dollar when the US is their largest export market? That would also damage all the effort they put in trying to devalue the yuan.
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Re:China sees new world order with oil benchmark backed by gold by whytaka on Sunday September 03, 2017 @05:26AM (#15160485)
Good point.

Perhaps the Chinese feel secure their transition into a consumer economy is on good footing. I've noticed my China stocks go up 50% in the last month or two. Confidence is way up.

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