China is a command economy which means the banks do what the government tells them to do. So the banks over there are not going go broke in a technical sense. In reality governments have to depreciate their currency to boost exports in these situations. China is already doing that and I would expect they will continue with this until they can restore their balance of trade.
- Forums
- Political Debate
- China near financial collapse
China is a command economy which means the banks do what the...
- There are more pages in this discussion • 26 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online