China is attempting to create an equitable global economic system that works for all nations, not just itself. To do that, it has to consider how exchange rates are going to work for everyone.
In a FULL gold standard system, theoretically a country cannot get that currency without having the same amount of gold in reserve. I doubt China will propose that because of the limitations that it implies.
China is attempting to create an equitable global economic system that works for all nations, not just itself. To do that, it has to consider how exchange rates are going to work for everyone.
In a FULL gold standard system, theoretically a country cannot get that currency without having the same amount of gold in reserve. I doubt China will propose that because of the limitations that it implies.