"Temporary" Capital Controls Coming to China?
January 26, 2016Spread the love
The Wall Street Journal hits the nail on the head with this headline: Yuan’s Fall Is Just ‘Noise’ Amid Deeper China Woes . When the financier George Soros attacked the British pound in 1992 and famously “broke the Bank of England†he was trading on a conviction that the currency was misaligned. Britain devalued after squandering its reserves in a vain defense.
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"Temporary" Capital Controls Coming to China?
