The Once Mighty

This Economist article gives a lucid analysis of the current situation China now finds herself in:- “The bind they're in is an impossible one. If China (and other dollar holders) do not adjust their currencies, they can expect no relief from the inflation that's recently attacked their economies. At the same time, continued depreciation of the RMB against the Euro may soon anger European nations, which are beginning to absorb many of the Chinese imports once destined for American shores.

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