Comment: There was never 180 turn

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There was never 180 turn

because China has never planned for gold standard. They are not dumb, they know what shackles gold standard would place on its Communist Party.

China is one of the largest gold producer, so the government naturally paid newly printed Yuans to gold miners for their gold. Some folks became "optimistic" as if China moves to the gold standard. In fact, China is doing a huge quantitative easing itself now, so dollar will be in demand as long as USA gives out foreign aid and brandishes weapons.