Why the Chinese Are Dumping Their Renminbi

20.10.2016 • Emerging Markets

From Simone Wapler – The Strategy of Simone Wapler (France) –

BRICs had almost forgotten – the acronym for Brazil, Russia, India and China.

The big story before the crisis was that the suppliers of the West grew rich and a huge middle class would finally hatched in these countries.

Then came the credit crisis subprime was actually a debt crisis of the largest and richest of the BRICs customer, the United States.

Then changed a bit the pretty tale.

The BRICs would “reorient their economies” to their domestic market. Their growth would take ours …

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