Thursday, 31 May 2012

If they do not want to do stimulus, what else can they do?

Peeps,

China state run agency came out to state that China do not need to do another round of stimulus. Since the issue loom on whether China's economy will hit either a soft or hard landing, what else can they do to chalk up their battered economy?

Found an article that show briefly that Chinese Yuan/ Renminbi is falling.
Chinese yuan is falling

After looking at the chart, found the answer to the question? Something for you guys to think about. China is a big deal. Any movement by them will move the global economy indirectly. Remember, they are also the largest trading partner of Australia too.

Cheers,

Renomic

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