China March New Yuan Loans 1,690Bln Yuan Est 1,250Bln Yuan
It’s amazing how Chinese economic data now moves the market. One could argue that their economic data is the most important of any country on the planet right now – which means they have become the strongest country on the planet?
Of-course , weekend mkt closing day ,it will boostup for Chinese related country currency like Aussie,Nzd also.
True. But business is also about totally free competition, transparency and trust.
Is not that simple just like having a “monster factory” who can provide anything and everything, and claim supremacy.
If China will not become totally free, it will be just like a very long term “bull trap” in trading for the global economy
