China warns George Soros Don’t go to 'war' against our currency.
The official newspaper China warns billionaire investor George Soros, to bet against the yuan in the first band of the view that China is trying to increase the credibility of their currency of origin, also known as the renminbi, which fell by 5 per cent in August
Soros war against the renminbi and Hong Kong dollar can not succeed - there can be no doubt, "the article said," to declare war on the Chinese currency? Ja Ja ", published by the People's Daily, the official newspaper of the Communist Party of China.
The opinion is an attempt to convince investors that the yuan remains a safe option, despite a decline of 5.7 per cent in the currency in August Meanwhile, the Chinese central bank has already tapping into its foreign exchange reserves and spending hundreds of billions of dollars to try to stop the slide currency.
China focused on Soros after he told Bloomberg TV last week that he set against the S & P 500, the Asian currency and economy-related resources. Soros also said that he expects a hard landing for the Chinese economy, becoming one of the "root causes" of the market risk aversion sentiments.
"The Chinese have gone for a long time to deal with the change of the growth model must adapt -. Investment and exports to the domestic LED So a forced landing is almost inevitable," he said at the World Economic Forum in Davos, Switzerland. "I do not expect I look.
Soros war against the renminbi and Hong Kong dollar can not succeed - there can be no doubt, "the article said," to declare war on the Chinese currency? Ja Ja ", published by the People's Daily, the official newspaper of the Communist Party of China.
The opinion is an attempt to convince investors that the yuan remains a safe option, despite a decline of 5.7 per cent in the currency in August Meanwhile, the Chinese central bank has already tapping into its foreign exchange reserves and spending hundreds of billions of dollars to try to stop the slide currency.
China focused on Soros after he told Bloomberg TV last week that he set against the S & P 500, the Asian currency and economy-related resources. Soros also said that he expects a hard landing for the Chinese economy, becoming one of the "root causes" of the market risk aversion sentiments.
"The Chinese have gone for a long time to deal with the change of the growth model must adapt -. Investment and exports to the domestic LED So a forced landing is almost inevitable," he said at the World Economic Forum in Davos, Switzerland. "I do not expect I look.
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