You would have thought so, but the last information I had was that China successfully lobbied the IMF to have the yuan included as a reserve currency - despite it still being pegged against the US dollar. Of course the Chinese are one of the largest buyers of gold right now - along with India. They are number 3 right now behind the US and Germany. I think they are trying to amass it so that in the event of a worldwide currency crunch they can have the economic leverage they need to maintain their control. (India has largely been buying it for ornamental purposes.)

I thought it stopped the yuan from being an IMF currency.

China is a great friend -- to China. If it needs something it will build it, buy it or steal it, preferably steal it. (cheaper that way)

Which is why we should be agitating for them to unpeg their currency. It should have been one of the major terms to them getting Most Favored Nation trade status. Then it should have been a condition of them joining the IMF. I had held out hopes that it would have been a condition of the yuan being an IMF currency, but no such luck.

Like cars these days. They all look the same.

And they will be buried there among billions in a mass of writhing protoplasm.

Seems doubtful with the trade imbalance, but a significant increase in yuan value would really hurt them.

Yeah, I think that's it. I've seen loads of horror movies and sometimes they blur together. Maybe it's me old dino age.

I would way there is definitely a defect in the English-influenced culture. Unfortunately, we are following in their footsteps again after revolting against most of it. I can see that New Zealand and Canada, as well as England itself is heavily into politically correct and globalism.

Better to be a PM in Canada than a little rich kid in the US? Nah, but if one is adequately pompous.

What I am hoping for is a complete collapse of the Chinese economy. It has been artificially propped up through currency manipulation for 20 years.

Trudeau seems to be a real idiot in a lot of ways.

Maybe the old F18s they bought from Australia rather than F35s will protect them.

Interview with a Vampire?

China sees Canada as a prize ripe to be swiped. They destroyed the quality of life for Canadians in Vancouver by driving the price of the housing and cost of living through the roof recently. Good luck with that Canada...

That is what me carnosaur dino would call "Playing with my food."
Do believe I heard a vampire say as much in some horror flick I can't recall the name of.

The Canucks should ramp things up on the Chinese lady they have "arrested" She needs to go in the pokey in the exact same conditions as the two Canadians that they have arrested. Mollycoddling has done do good. Canada is like a bunch of boy scouts playing with the communist Chinese...an organized crime syndicate.

Can’t we all just be friends?
https://www.google.com/search?q=lion+...

So many US politicians and corporations are in bed with the Chinese. Spy wing yon Feinstein(who claims she was Chinese in another life) is a good example having a husband who has made millions lobbying in congress for China. Then he was suggested to have Spyann hire this Chinese agent. She then employed a Chinese spy for 2 decades as a personal assistant.
Then there is Biden who’s son in concert with John Kerry’s son who cut a huge deal with weeks after traveling with daddy on Airforce2. Google assisting China govt with controlling the search and limiting access to knowledge. America for sale!

I agree. They are not a “good” government by any measure, and they are not playing nice.

The manner we allow them to continue economic domination at the expense of their ignorant people is astonishing.

Nothing is a ironic as a “Union First” bumper sticker in a Walmart parking lot. Sam Walden is rolling in his grave.

I think it's about time for 'no more nice guy'. The actions of the Chinese are beginning to bore me! They can't even make up their minds about how many children their families are allowed to have. How do we expect them to behave themselves?