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Keith Preston on China's yuan taking on the US dollar

News Sight

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The Importance of Domestic Policy in China

The Chinese government is very interventionist in the economy. It doesn't really give a lot of, how do I put this kindly? A peace of mind when it comes to the security and stability of one's investment on Chinese soil. The economic model that China uses today is largely modeled on Lenin's concept of the new economic policy. But it is something where the state has absolute power of the economy.

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