CHINA READJUSTS TO THE WORLD TO ITS NECESSITIES

The Popular Bank of China (BPC) it has intervened in the market by means of an “extraordinary devaluation” of the yuan of practically 2% in answer to a series of deception macroeconomic data, what took to the Chinese currency to their minimum change in three years in front of the dollar? The decision of the Chinese issuing institute of elevating the half point of change newspaper from its currency to 6,2298 yuan’s for dollar, in front of the previous 6,1162 yuan’s, represents the biggest adjustment newspaper in the reference, to which is allowed to oscillate a maximum of 2%. 

The Popular Bank of China and their economic authorities justify the action un stabilized of Chinese because, while the dollar is strengthening, some of the main currencies, as the euro and the yen, are devaluated, what implies pressures to the drop for the currencies of the emergent economies and a growing volatility in the flows of capitals. This is like they will have been given bill an absurdity if the dollar strengthens the weakest economies they are reinforced because they are immediately more competitive in front of the products dollar. 

It is certain that it seems to have a negative part that is the inverse one when being reassessed the dollar all the basic products and petroleum, wheat, etc., they rise in price for the weak economies, but this consequence doesn't get ready devaluating its foreign currencies poor we in fact say, but just the opposite, if besides that the dollar is valued and your currency devaluates it the cost pothole it is increased by your same monetary politics to attach a devaluation with a revaluation. 

The Chinese action doesn't have anything to do with the international market neither of foreign currencies neither of the evolution of the international, Chinese economy it is forced to in fact devaluate the yen to brake the power of international purchase of its society to Chinese it is escaping the economic freedom of its inhabitants it is something that had to pass in the moment that the Chinese can compare to travel and to buy what they want the Chinese economy it cannot maintain its growth he becomes an economy of western range where you fights for maximum growths 3% this is what will pass in Chinese and this cannot be because there are still too many Chinese to place in the world we say industrial. 

The central bank that described the devaluation like an exceptional measure so that the yuan responds better to the forces of the market, it tried to tranquilize on Wednesday to the financial markets when saying that he is not going aboard in a constant depreciation. Keeping in mind the national and international economic situation, at the present time there is not any base for a tendency of sustained depreciation of the yuan. However, an operator senior of a European bank in Shanghai said that the unexpected devaluation had caused "certain panic" in the markets. 

The case is that Chinese today he doesn't want to stay in a relationship controlled by the western economies and for its size he can make it we must begin to understand that Chinese is not a nation it’s a continent where races and different cultures cohabit and that for her political organization that can allow himself the freedom of managing her geopolitical power as she wants and it’s she makes and it’s will continue making and she gives him same the effect that their actions make on the called countries BRICS the Chinese monetary politics will sink them because the force of the yuan in this group of economies is important and its devaluation crawls to the other foreign currencies of the group to see it better alone it is necessary to observe what passes to the Russian ruble. 

And this Chinese action surprisingly also has the effect contrary with the euro to which locates in a position of sure and strong foreign currency what harms many of the economies of the euro because it removes them competitiveness to the European products.