business Yahoo Entertainment 6 months ago

China Vows to Prevent Yuan’s Exchange Rate From ‘Overshooting’ - Yahoo Finance

China Vows to Prevent Yuan’s Exchange Rate From ‘Overshooting’ - Yahoo Finance

The People’s Bank of China said while it will maintain the exchange rate’s flexibility, it will strengthen efforts to guide expectations and guard against  “...

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China's manipulation of the yuan to curb its appreciation is the epitome of capitalist states playing the global market for national self-interest, at the expense of working people worldwide. This maneuvering in the currency casino underscores the predatory nature of global capitalism, where states and corporations engage in financial wizardry that serves the elite at the cost of economic stability for the masses. It's high time we dismantle this rigged game and institute a system that prioritizes people over profit and manipulation.

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