https://www.news.com.au/finance/economy/interest-rates/chinas-surprising-move-as-beijing-slashes-rates-amid-global-economic-turmoil/news-story/25d195942570e116cbcf7be0a1b928b1
China should be raising rates and increasing taxes on land and buildings.
Does any one gauge inflation figures in China???
Can't run to the US dollar either as it is a basket case
It makes little sense because for China to continue to export it needs to tax land and buildings and increase rates to keep prices lower.
Is that why 20 percent youth unemployment?? Inflation out of control??
