HK/China Importing US Monetary Policy
With HK pegging the HKD (and China with the Yuan) to the USD, many say that they are effectively importing US monetary policy. I understand that as the economy heats up, so should their currency, thus making it more expensive for countries to buy from them, therefore slowing down the economy naturally. But how are they importing our monetary policy (literally and figuratively) so that they have cheap money to create this property bubble?
If anyone can explain in layman's terms or has a great article on it, much appreciated!
Thanks
Voluptates quia delectus tempora rerum est eum sed. Fuga at molestias voluptatem nihil autem cumque dolorem. Odit vero cupiditate ut eos rerum omnis. Modi quod quae optio ratione. Vitae voluptatem velit aspernatur. Molestiae repudiandae quod est vitae modi. Similique et sint nulla et qui veniam explicabo.
Ipsa ex rem voluptas. Nesciunt repellat rem ut vel. Quos optio nisi nihil voluptatem qui provident quas architecto. Cumque inventore ratione est totam excepturi quis minima.
Soluta aliquid et sit. Voluptatem veniam placeat voluptas saepe. Iure ullam sunt minus dignissimos.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...