As of writing this comment all but one comment here is either a question answered by the article, or a statement superseded by the article with better information. Good job, guys.
> What does that really mean? Is it stable for those who hold it in China where the amount you can legally transfer overseas is limited and that limit has been both going down and much more effectively enforced in recent years?
Literally the entire point of the article is talking about this.
> Well, sure, when you manipulate the forex market, you can act to alter the value of your own currency.
That's not the only method described, though it's powerful. Article describes the rest - which are very interesting.
> The Bank of China pegs the yuan to the US Dollar afaik...
I frequently go straight to HN comments instead of the article itself because the article might be exaggerating a point to attract more clicks, whereas the discussion is typically a bit broader. That people don't keep it DRY is a feature to me, not a bug.
The problem with this approach is that you are limiting yourself to the narrative of a hive-mind. Although HN has done a better job of it then Reddit but it still exhibits the same problems a lot of time.
> As of writing this comment all but one comment here is either a question answered by the article, or a statement superseded by the article with better information. Good job, guys.
The posted article is behind a paywall. What did you expect?
Blocking javascript prevents the bottom half of the article from being hidden. Ublock origin lets you disable JS on a per-site basis, if you're using that as your adblocker.
> What does that really mean? Is it stable for those who hold it in China where the amount you can legally transfer overseas is limited and that limit has been both going down and much more effectively enforced in recent years?
Literally the entire point of the article is talking about this.
> Well, sure, when you manipulate the forex market, you can act to alter the value of your own currency.
That's not the only method described, though it's powerful. Article describes the rest - which are very interesting.
> The Bank of China pegs the yuan to the US Dollar afaik...
Better information in the article.
> The Yuan is pegged to the US Dollar
Better information in the article.