Well to be honest China's currency as free float is good for countries like India. Right now if China devalues Yuan then it puts a lot of pressure on our currency as well. And 11,000$ per capita income is a really respectable figure. Will probably match the living standards of Russia by then.
Yes I know that China allows currency to swing a certain percentage points everyday but then they go on and announce newer rate the next day. Free floating will require a lot of reforms and I want to know more about that :P
Hi. Can you explain a bit more on how China is going to make it currency free floating by 2020? Isnt it currently dollar pegged like rates are announced everyday in Shanghai? What is going to change in that regard.
India and Pakistan are neighbors so better get along. We can be like US-Canada or North Korea- South Korea. It is not tough to see which one is better.
In long term this game benefits no one