10 year inflation is 26%
www.usinflationcalculator.com/
Chinese basically has no independant currency. They have no choice but to buy US bond in order to index RMB to dollar.
Just like MIng and Qing Dynasty depends on Spanish silver dollar (大洋), PRC depends on US dollar.
Chinese basically has no independant currency. They have no choice but to buy US bond in order to index RMB to dollar.
Just like MIng and Qing Dynasty depends on Spanish silver dollar (大洋), PRC depends on US dollar.
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