the snowball is growing, page-3

"the more gold the Chinese Government has the more stable and predictable the value of the Yuan"

Dazedandconfused

Have you had a look at the state of the Chinese banks where you expect Western companies to leave their money?

The Chinese have to do a little more than buy gold to convince western companies to settle in Yuan.


Afterthought: There has been a market in Euro-Yuan for years. Western traders aren't very active because they a wary of Bank of China currency controls.