Because the Chinese currency is pegged to a basket of currencies with a large $-component and the $ is falling -> yuan is simultaneously rising v. Dollar and falling v. rest.
Love the new cross referencing in @SoberLook !
thedailyshot.com/2020/08/05/wil… https://t.co/97f64JTUDC
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…