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dmm
on March 16, 2010
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Is China actually bankrupt?
> a) it is trying to maintain a fixed exchange rate
I thought China is trying to maintain an exchange rate (or rate "band") with the USD.
bokonist
on March 16, 2010
[–]
Sort of, but China's main concern is to prevent its currency from appreciating too much. The danger of too much debt is the opposite problem - too much debt forces a devaluation. So again, the level of debt is not a problem for China.
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I thought China is trying to maintain an exchange rate (or rate "band") with the USD.