Delete comment from: Captain Capitalism
The money's sort of a side effect (perhaps partly explains why some waste vaste amounts of it on mistresses and moutai)- the important thing was to keep Chinese factories open and a billion people in work. Also, the experience of foreign trade has allowed Chinese companies to develop and become more competitive internationally, an advantage that will outlast a change in the exchange rate. Well played?
Oct 30, 2014, 5:03:59 AM
Posted to Dear China, Here's Where Your Money Went