To all the "bhashabhimanis" of this DB

[prasadr]

58 minutes ago, lovemystate said:

dumbass ..chinese currency is managef float - whoever decides it - the world beleives it. they are the largest trading nation in the world and the largest exporter and second largest importer. Their currency is also listed as one of the few reserve currencies by IMF. there is NO comparision.

Lies more like Dirty Float.

 

Chinese Central bank fixes their currency against US Dollar,

So, indirectly any fluctuation of other currencies wrt Dollar, means they fluctuate against Yuan. But the reality is that it is a fixed currency just against the US dollar.

 

That it is largest trading partner, importer, exporter  does not matter. There is a reason US is pushing back & the reason is currency manipulation by Chinese.

 

regarding reserved currencies, 

http://data.imf.org/?sk=E6A5F467-C14B-4AA8-9F6D-5A09EC4E62A4

 

                                                                 Q1 2018    Q2 2018    Q3 2018    Q4 2018    Q1 2019
Total Foreign Exchange Reserves    11,617.67    11,481.08    11,412.17    11,437.03    11,590.87
Allocated Reserves                             10,402.66    10,515.45    10,707.96    10,728.27    10,901.00
Claims in U.S. dollars                            6,531.29    6,561.21    6,631.62    6,617.52    6,739.42
Claims in euro                                        2,117.57    2,129.41    2,192.19    2,219.10    2,206.32
Claims in Chinese renminbi                    145.67    192.75    192.64    203.04    212.87
Claims in Japanese yen                          477.28    511.52    532.57    557.99    572.07
Claims in pounds sterling                       486.13    469.86    480.73    475.09    494.68
Claims in Australian dollars                   176.96    178.61    180.61    173.91    182.43
Claims in Canadian dollars                    193.29    200.21    208.73    197.75    209.79
Claims in Swiss francs                             17.93    17.18    17.17    15.86    15.86
Claims in other currencies                    256.54    254.70    271.71    268.03    267.54
Unallocated Reserves                         1,215.01    965.63    704.21    708.76    689.88

 

A lot of times, devil is in the details,

There is a reason Chinese are not opening their currency to real Managed Float, 

 

Regarding how their economy is doing, why don't you just post the last quarter Chinese GDP growth, Inflation, Industrial growth and subset the Automobile growth? 
 

[jeessy_bb]

On 9/18/2019 at 8:20 AM, reality said:

BJ bhakth gallaki answer theliyadhu...