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Q: Why is China heavily influenced by Wall Street? Will this change with internationalization of RMB?

China has the second biggest economy in the world, so why is it so affected by what happens on Wall Street?

I know the markets are interconnected, but I am just thinking that China is not as influential. Will this change with the increasing internationalization of the RMB?

7 years 50 weeks ago in  Business & Jobs - China

 
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america is the world's largest economy ? why is it dependent on wall street so much ? not just for economics but for administration and politics too ..

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7 years 50 weeks ago
 
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Governor

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1) "...why is it so affected by what happens on Wall Street?": go read up on basics of supply and demand and trade history between China and America. That would be a good start.

2) China is one of the major suppliers of goods in the world. They ARE very "influential".

3) Don't kid yourself, RMB is to stay in China, it will never be a reserve currency!
At least not in our life time.

How ever, China did try several pilot projects to "internationalize" the RMB in hopes of becoming a reserve currency, but all failed to date.

The more you know Cool

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7 years 50 weeks ago
 
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