China's push for RMB internationalization
Sinica Podcast
00:00
Are We at a Turning Point?
Denny: There is a realization that the demand for industrial imports isn't something that static it changes over time. The vision from the Chinese side is ultimately that these markets will become more professional they'll become gradually more open to foreign investment and then hopefully you kind of get a shift a migration of the center of pricing power from the US to China. So looking to the future I think we are at a turning and we have been at the turning point because if you take it further back really there were two or three big shocks. Denny: As an economist you should be aware of all these economic history and use this as your tools rather than just believing one or the other.
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