In any economic system, determine a person’s life, honor fugui, always is the survival of the fittest, bushizhe phase-out principle. No matter what approach – regardless of socialism and communism, capitalism, or even the anarchism, this principle is the same. In the uncivilized, survival of the fittest, where this principle is applicable to the level [...]
RMB is pegged to the dollar, rooted in two historical periods. The first time is a 1955-1970, 15-year period to $ 4.618 dollar exchange rate is not a change. The second period is the period 1998-2005, almost unchanged exchange rates (8.27) lasted 7 years. Previous paragraph backgrounds is planned, the country’s foreign trade and Foreign [...]
From the U.S. subprime mortgage crisis in the international financial crisis, the world financial system and the whole of the economy since the great depression most serious trauma. The current financial crisis has demonstrated the “minimal supervision and supervision is not the best.” The root cause of the crisis is inadequate supervision. In this context, [...]