China is in support of open economic systems? I don't think so , they have a closed capital account , not an open one. They will have to keep that control in place indefinitely , as we all know to stop the outflow of capital if the account was open. It turns out that the Chinese people have no faith in the Yuan or their government. If th…
China is in support of open economic systems? I don't think so , they have a closed capital account , not an open one. They will have to keep that control in place indefinitely , as we all know to stop the outflow of capital if the account was open. It turns out that the Chinese people have no faith in the Yuan or their government. If they open the capital account the outflows would be in the trillions of dollars and break the economy completely . So as usual China asks for something from it's tradingpartners that it is not willing to do itself, typical hypocrisy from the CCP.
China is in support of open economic systems? I don't think so , they have a closed capital account , not an open one. They will have to keep that control in place indefinitely , as we all know to stop the outflow of capital if the account was open. It turns out that the Chinese people have no faith in the Yuan or their government. If they open the capital account the outflows would be in the trillions of dollars and break the economy completely . So as usual China asks for something from it's tradingpartners that it is not willing to do itself, typical hypocrisy from the CCP.
What Derek Skinner wrote above is good.