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HN user
jimbursch1
“ In its closed financial system, exporters must surrender their foreign earnings to the central bank, which creates equivalent RMB to mop up the foreign currencies. This led to the rapid expansion of RMB liquidity in the economy, mostly in the form of bank loans. ”
Can anyone explain this to me? My interpretation is the central bank exchanges exporter’s foreign currency for RMB. How does it become bank loans?
I’m interested in supporting this project, but I don’t want to just be a passive donor. I wish they were doing something like a Patreon project, with levels of engagement that come with my donation.
It’s a 4.25 kW system with 10 solar panels and a Powerwall in Los Angeles.
Ah, correction, 3kW is the peak, 15kWh sent to grid.
So essentially it’s a marketing play?
Is hedge the right term, as in hedging a bet? Or are they reinforcing their dominant position?
What is NYT going to gain from this purchase? Or, what am I giving to NYT when I play this game over coffee every morning?
A gaming community site I have been developing for years. Based on 18th century age of sail. Https://NavalGaming.com