The Depth of China's Trade Relationship

The Yuan is pegged to the us dollar and until it is unpagged in a free-floating currency we will never know What the real market clearing price is. The reason why china's central bank has the largest amount of foreign us dollar reserves About three and a half trillion dollars Is exactly because of the thing that you want to ignore  in order to have this high-faluting intellectual conversation. And just for clarity chamat said they already have these deals with Pakistan and Pakistan and Russia You met Pakistan and Russia I think they already have those deals with those two Pakistan and Russia Right, okay.