Chinese Yuan (Renminbi): How long will it be feasible for China

[Forextrader2361]

I heard China now holds $2 trillion; Rogoff asks if they really want to be holding 
$4 trillion in five years?

How long will it be feasible for China to peg its currency to the dollar at a fixed exchange rate?

[myregister]

Chinese Yuan or Reminbi is managed floating currency for now. It means the market could influenced it but government has rights to enter the market and stabilize the price with its own means. They don't peg it now technically but if there is crisis in this few years later i am sure that Reminbi will try to peg it to USD once again.

[Forextrader2361]

Thanks for the info I will dig into that a bit more.   One I have used for a while that works  is the eur/usd lunch time long system.   I got it at mrbinaryoptions.com/free     Trades the eur/usd at 12 noon eastern when the eur/usd is down all the rules etc..   its pretty simple and works quite well especially at nadex

[pepy]

As far as  i know that Reminibi is not pegged by China anymore. China in this case become a country which adopted the managed float currency. This be done because China wants to make their currency internationalized and the only way to do that is to make people able to afford their currency but still they want to manage their currency to certain extent then they chose managed float currency such as Reminbi now.

[myregister]

Yes it is not pegged anymore and Reminbi officially dirty float currency now, means that government still have right to intervene by buy more USD or sell more USD so the price is keep stable. This done by them for the sake of stability to make sure that China still able to compete with the other emerging countries in terms of making money through exports.