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A comment on China lets yuan break 7-per-dollar level for first time in over a decade.

Re:China lets yuan break 7-per-dollar level for first time i... by cheaprentalyeti on Monday August 05, 2019 @01:25PM (#20616082)
The US and China are a lot alike and a lot different.

The US debases its currency, to pay for welfare and social services and to pay Pakistan for the privilege of fighting its clients in Afghanistan.

China debases its currency but then uses the resulting funds to build factories in Shenzhen and coal mines in Inner Mongolia.

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Re:China lets yuan break 7-per-dollar level for first time i... by ryacko on Monday August 05, 2019 @01:32PM (#20616169)
Debasing currency is a product of ensuring low interest rates by printing money. The Federal Reserve and the Chinese Central Bank neither directly loans money.
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