There have been multiple accounts created with the sole purpose of posting advertisement posts or replies containing unsolicited advertising.

Accounts which solely post advertisements, or persistently post them may be terminated.

abrasiveteapot ,

Fairly standard central bank activity, nothing unusual in and of itself.

bernieecclestoned ,

Except China is normally devaluing it’s currency to keep exports competitive, this is the opposite

abrasiveteapot ,

Sure, it’s been a while since China had to protect its currency from negative pressure, and it’s in reuters because it’s a clear market signal. However a softening economy isn’t unusual generally, just a first in decades for China.

It’s as much a sign that as a country they’re maturing past the developing country growth wave they’ve been on, and hitting the cycles that developed nations need to manage. Couple that with a trade war with the US slowing down key parts of the economy and it’s notable but not surprising.

Those predicting a wholesale economic collapse will however be just as disappointed as they were 12months ago when predicting a real estate lead crash.

MicroWave OP ,
@MicroWave@lemmy.world avatar

During recent weeks, market watchers say the Chinese authorities have sought to slow the yuan’s decline, with the PBOC persistently setting a stronger-than-expected fixing, and state banks repeatedly selling dollars.

  • All
  • Subscribed
  • Moderated
  • Favorites
  • •
  • [email protected]
  • random
  • lifeLocal
  • goranko
  • All magazines
    •