Faced With Falling Growth and Deflation, Xi Jinping’s China Wants To Wage a Patriotic Currency War.
China's entire financial sector and its banks are mobilized to support the renminbi.
Built to protect the country from invasion, the Chinese Wall has kept barbarians at bay for centuries. Now, Beijing is erecting a cordon sanitaire around its currency to keep out speculators.
The country's marked slowdown in growth and massive capital outflows threaten the stability of its currency, a barometer of confidence and risk.
In September 2023, t…
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