The Chinese have been slowly letting their currency rise against the US dollar. If the dollars starts to go down substantially, they will let their currency rise further. It appears the Chinese are selling dollars right now and buying Euros.
Other than the article mentioned originally, do you have any other proof in the form of factual data that shows the Chinese are selling dollars and buying euros like you claim?
I said "it appears" so no I don't have any proof. But, it does appear that dollar is tanking and the Euro is rising in the past week. The British Pound isn't rising. The commodity currencies aren't rising substanitally. So, it appears that somebody is selling dollars and buying Euros(and swiss francs). Probably the Chinese.
Surely meant as a jumping off point towards their aspirations for world dominance. Its those "hidden desires".
China battles unemployment to deter unrest http://www.ft.com/cms/s/0/fa2ecbc2-cf76-11dd-abf9-000077b07658.html
Something's wrong with a country if a recession threatens uprisings. Not even a recession, just a slower growth. Or maybe all these talks about uprisings are just over exaggeration, since these words come directly from the communist party and it's weird they would use these word without a clear purpose. As for China's domestic consumer, where is he? Only the minority in the country are considered middle class, if they can't overcome this, they won't overcome the next recession either.
>Something's wrong with a country if a recession threatens uprisings. Not even a recession, just a slower growth. They don't call it a developing country for no reason. Fact is 800M of china's citizens are peasants. They need 8% grow to absorb that labour force.
4 months back there were 4 Indian businessman among the Top 10 richest man on Forbes List. Indian companies were taking-over/acquisition Western companies some months back. They had "massive acquisition plans" for taking-over Western companies. Indians have a "hidden desire" to take-over all the "Fortune 500 companies" and create their Monopoly & Dominance in the world. BEWARE of China and India. THIS IS NO JOKE.