I’m curious. How will this affect Chinese stocks like BABA and BIDU that are traded on the NASDAQ?
You think it would be bullish, but with no exchange rate to dollars how would they be priced?
how could it be good?
So long as the US$ remains the currency of trade, nothing will happen and the value of the stock will vary as does the value of the US$ and the perceived value of the company.
Other nations can set a value of their currency in Yuan thus creating a tie to gold