「The harsh reality is that economic relationships between pegged regimes must be harmonized or they are destined to fail。」
— Kyle Bass「The Quiet Panic in Hong Kong」
梧:What Kyle Bass essentially means is this — it made sense in the 80s for Hong Kong to peg its currency to the USD as it was China’s main window to the outside world, particularly to the US. When such a net export relationship exists between them, it means that their economic cycle is pretty much aligned. This is why it made sense to peg.
That is not to say this relationship had changed at all — China is still a net exporter to the US, but the thing is that Hong Kong IS NO LONGER A NET EXPORTER TO THE US. A net import relationship now exists, and here comes the punchline — these trades are still made in USD, which means that the relationship is not just reversed but ambiguous; and then there’s the China factor — exports to China which were made in CNY.
When pegged regimes are no longer harmonised, the peg itself no longer makes economic sense......
同時也有4部Youtube影片,追蹤數超過9萬的網紅Hak Me,也在其Youtube影片中提到,#farfetchunboxing #敗家 #購物 Information: Farfetch Top Sale Link: https://rsnap.it/d-TDDHAs Extra 20% off sale items Code: JAN20 Valid Until: 29 Febru...
cny to usd 在 TianChad.com - Precious Moments #田七摄影 Facebook 的最佳貼文
" 欲穷千里目,更上一层楼"
匆匆忙忙,忙忙碌碌,新年就这样过去咯。希望大家新年后步步高升! So quick CNY holiday gonna end soon... Don't always rush your life, remember to enjoy the moments. Wishing everyone have a good year ahead, earn more USD, found a life partner, keep fit and stay healthy kay?😎
I wish myself get a #DJI Mavic Pro soon🤓 #spiral #architecture #diambildengansamsung #mygalaxys7edge
cny to usd 在 Hak Me Youtube 的最佳解答
#farfetchunboxing #敗家 #購物
Information:
Farfetch Top Sale Link: https://rsnap.it/d-TDDHAs
Extra 20% off sale items
Code: JAN20
Valid Until: 29 February 2020 2am (Hong Kong Time)
T&Cs: Sale items only. Unlimited use per customer. Brand restrictions apply. Minimum order value threshold applies (HKD 1,100 / CNY 1,000 / USD 150 / EUR 150).
Products Featured:
What I Got:-
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⭐️ Adidas Track Jacket https://rsnap.it/d-TDDHAw
⭐️ Marc Jacobs Tote https://rsnap.it/d-TDDHAx
Other Picks:-
⭐️ Marc Jacobs Shopper Tote https://rsnap.it/d-TDDHAy
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⭐️ Off White Backpack https://rsnap.it/d-TDDHAG
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⭐️ Tory Burch Flats https://rsnap.it/d-TDDHAJ
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⭐️ By Far Ankle Boots https://rsnap.it/d-TDDHAL
⭐️ Tory Burch Wallet https://rsnap.it/d-TDDHAM
⭐️Brand Restrictions⭐️
Acne Studios, Amiri, Bottega Veneta, Brunello Cucinelli, Brunello Cucinelli Kids, Burberry, Burberry Kids, Chanel Pre-Owned, Christian Dior Pre-Owned, Christian Dior x Susan Caplan, Fendi, Fendi Eyewear, Fendi Kids, Hermes Pre-Owned, Louis Vuitton Pre-Owned, Maison Margiela, MM6 Maison Margiela, Miu Miu, Oscar de La Renta, Prada, Red Valentino, Stella McCartney, Stella McCartney Kids, Valentino, Saint Laurent, Balenciaga, Balenciaga Kids, Thom Browne, DOLCE & GABBANA, SS20 & CONTINUITY, MONCLER, Moncler C, MONCLER EYEWEAR, MONCLER GAMME BLEU, MONCLER GAMME ROUGE, MONCLER GRENOBLE, MONCLER KIDS, MONCLER SACAI, MONCLER X AMI, MONCLER X ERDEM, MONCLER X GREG LAUREN, Moncler X Off-White, MONCLER X ROLLING STONES, MONCLER Y, Red Valentino
Follow Me:-
? My Instagram: @iamhakme
? My Facebook: www.facebook.com/hakmebeauty
? Blog: www.hakmebeauty.com
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? 小紅書: http://bit.ly/2W2LcSx
? Shop My Looks: https://goxi.ps/iamhakme
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*************************************************************
Disclaimer: This video is created and edited by me. All the content are my own thoughts. As always, all opinions are based on my experience and honesty. Products are either purchased by me or for those which are sent by PR are marked with an “*”. For any collaboration with brands which involves monetary payment, “Ad” will be in the video so that you are aware of the collaboration. Some of the links used above might be affiliate links and please be aware that I will earn a % of commission if you decide to buy through the affiliate links.
cny to usd 在 With Yumi Youtube 的最讚貼文
大家新年快乐~ 不敢相信已经是2020了!祝你们新的一年一切如意~爱你们!
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************************************************
⚠️Disclaimer:
This video is Not sponsored
?谢谢你的观看Pls subscribe?,like & leave a comment!
cny to usd 在 serpentza Youtube 的最佳貼文
What is the best way of getting money in and out of China? If you are coming to China, should you bring cash or credit cards? Will your bank card work in ATMs and Chinese banks? What is the exchange rate in China? Can you use USD in China? Want to survive in China? Let me show you how.
Join me on Facebook: http://www.facebook.com/winstoninchina
Support me on Patreon: http://www.patreon.com/serpentza
Twitter: @serpentza
Music used: starlitdeception.s3m
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