Quote:
Originally Posted by klinton
not possible, unless China has plans to stop producing and exporting all the shit they make  |
There's no way to predict the future but everything is possible and twenty years is a reasonable time horizon. They are in the process of rebalancing their entire economy towards a substantial increase in domestic consumption:
Nielsen CEO Predicts Boost in Chinese Household Consumption by 2020
So there's no way of knowing what the outlook will be but I think most analysts expect the RMB to continue to appreciate (in the long term) which is why I hold some. I'd rather hold RMB than Euros that's for sure.