Originally Posted by contra

I never said China would re engineer itself immediately...in fact had said that US will still rule this game and influence for years to come if my argument was read carefully. I am using the word game, because US is arrogant to keep its interest rates at 0-0.25% instead of being a responsible country since its currency is the reserve currency of the world. US is simply taking rest of the world for granted...thinking only about its own selfishly by inflating prices of everything and shifting the burden to rest of the world.


However in the long term (nobody knows when...if somebody knows he should be a astrologer)....China would just be able to reduce its dependency on US...and increase trade with other emerging markets instead and of course China's own domestic market ( China is already the world's biggest market for Cars, Cement and Steel).

So if preparing for long term investments in China, like buying some Chinese Yuan and keeping it safely could be good investments ...again not for today but for long term....when is a question which is difficult!!!.