This is why I’m wondering if American Depository Receipts for PRC primary registered securities will be restricted soon.
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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If the numbers in a systemic sense are as bad as they look (Oh, and trade collapses. They're *food importers*), the yuan will functionally cease to exist as a medium of exchange.
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There's always a tension in currencies in that they need to be "good enough" stores of value so that I can buy groceries in July with my May paycheck. Because if you can't do that, I stop using them as a medium of exchange.
End of conversation
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1. Foreign bondholders (already screwed) 2. The Chinese people (if it's really really bad)
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fdi numbers gonna be lit
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