Remember, also, that China is the country that built the Great Wall beginning more than 2,500 years ago to keep out potential invaders. More than 1,500 miles long, it is the only man-made structure that can be seen from outer space. As Gain Capital’s Dolan notes, it is important to view the currency conundrum within the context of the cultural differences that exist between the East and the West. “They’ve said they won’t make any changes while the rest of the world is breathing down their back,” he says.
“These are the same people who built the Great Wall over several hundred years. Time is on their side. I wouldn’t expect any sort of revaluation this year at all.”
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