At a minimum, if China wants its RMB to become a global currency, it must be willing to accept trade deficits, instead of maintaining its current huge trade surplus. That translates to huge job transfers to its trade partners.
200 million to 300 million more Chinese job losses are the price to pay for the RMB to become a global reserve currency and to rival the US dollars.
Is China ready to bite the bullet?
roliepolieolie 發表評論於 2023-05-11 09:34:31
The threats of China's RMB or the so-called BRICS currency to dethrone the US dollars are only a storm in a tea pot.