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China Announces New World Reserve Currency
6 years ago

When a Chinese person buys goods in the United States for export to China they use dollars, when an American buys goods in China for export to the United States they use dollars. Until this changes and until Chinese currency is not fixed and backed by US dollars it will never become a reserve currency. One billboard does not a currency make.

In this article: CNY
Alibaba Shareholders Now 100% Losers
6 years ago

Just before we get a stream of pro-Alibaba comments I think everyone should be aware of the existence of the 50 cent army. This is a group of some 300,000 paid commenters from China whose job it is to make China and Chinese companies and interests look good/better.


In this article: BABA
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