Debt - a Chinese god

Opinion  |  Manjit Bhatia
Published:  |  Modified:

Tick, tock, tick, tock

So went the clock

Round and round

Chasing its arms

The jury’s in the dock.


No, this is not a column of fable, though it may as well have been one. On the eve of the Group of 20 (G20) summit in Toronto from June 26-27, the Chinese communist regime put out word that it was now ready to ditch its two-year yuan-to-the-greenback peg in a bid to allow the renminbi, the yuan’s other name, greater flexibility in international currency market trading.

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