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.

Share this story

OR

Welcome back,

Your subscription expires on
  

Your subscription will expire soon, kindly renew before
  

Your subscription is expired
  Click here to renew

You are not subscribed to any subscription package
  Click here to subscribe now

Any questions?
  Email: [email protected]
  Call: +603-777-00000

Renew