Loading ...Internally China sure is in a financial pickle. Outside the country they seem to be growing in strength and power. The establishment of a backed BRICs currency should really help them. They can’t let these huge “banks” fail because of the contagion risk, so I think their gov has no choice but to bail them out.
Maybe they’ll have an internal currency that is going to be chopped up by inflation and an external one which will be backed by gold etc. and be stable. Just ruminating.
All those cities they built with no one in them are coming back to bite them in the ass!