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Posts by "qingyu"
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Posts by Anonymous "qingyu":
also, my sister was study in city university in london. she know some pboc officers. as she said, officers only interest in cheap famous brand bag/watch or compare which is the best restaurant in london china town.
so, how can you expect on these person?
she is right, china should study henry ford, but they will never increase their low wage. the simply reason is, if so, the goverment can not afford their goverment officer's wage.
so, at this moment, china is only a "paper tiger".
one of my guess, small amount qe followed by eur blow below 1.35. china quickly yield.
as a result, both you and ashraf are right. :)
in my opinion, qe will come before november. and if china yield before qe, they must do something in next 2-3 weeks.