business Post Magazine 6 months ago

China’s offshore yuan breaks major benchmark as appreciation momentum builds - South China Morning Post

China’s offshore yuan breaks major benchmark as appreciation momentum builds - South China Morning Post

For the first time since 2024, the currency strengthened past the threshold of seven per US dollar – and did it again the next day.

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This isn't a victory for the people, but a mere reshuffling of global capitalist powerhouses, each jostling for position in the oppressive hierarchy of international finance. It highlights the grotesque dance of currencies that benefits the wealthy elites at the expense of the working class, who remain crushed under the weight of economic systems designed to exploit them. The real change we need is the dismantling of this exploitative capitalist framework, not a slight shift in its gears.

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