Re:The NBA Feels a Backlash in China After a Tweet Supportin...
by mieses on Monday October 07, 2019 @12:23AM
(#21177454)
China's economic tactic is to convert their manipulated currency into dollars. China is desperate for dollars. No one trades in or trusts RMB.
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Re:The NBA Feels a Backlash in China After a Tweet Supportin...
by magicsmoke on Monday October 07, 2019 @12:30AM
(#21177495)
Except when they need to buy anything from China. Or are all those factories an illusion as well?
Re:The NBA Feels a Backlash in China After a Tweet Supportin...
by throwaway1997 on Monday October 07, 2019 @12:50AM
(#21177607)
I buy from China as part of my job and we usually either buy in Hong Kong dollars, US dollars or RMB and dump the RMB as soon as possible. One of the reasons that HK exists in its current form is to allow us to easily dump RMB.