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China’s higher exchange rate around 2008 signaled that the world could sell to China, leading China to buy commodities and build infrastructure through bank loans.
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Bank Loans
China’s higher exchange rate around 2008 signaled that the world could sell to China, leading China to buy commodities and build infrastructure through bank loans.
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"Does that make sense to you guys? All right. So let's look at what happened. So for the longest time the Chinese currency was..."
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"...right? And how did it finance the building of this infrastructure? Bank loans guys. Bank loans. All right. So this is China sorry this..."
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"...are not allowed to charge interest. You're not allowed to make bank loans to peasants and charge interest. But that's the most profitable business..."
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