On Aug. 24, Mr. Miles Guo posted a Getter quoting a verified Sina Weibo account named “Trader Review alt”, saying “China State Administration of Foreign Exchange’s Foreign Exchange Settlement and Sale Service Suspended”. But this Weibo post has already been deleted.
In Baidu search, the results of searching for “China State Administration of Foreign Exchange’s Foreign Exchange Settlement and Sale Service Suspended” shows nothing related to the suspension of the service, but all the latest news says Communist China’s foreign exchange reserves “increased for 4 months in a row”.
How come in the current situation where the pandemic is spreading and foreign trades and economy are contracting, Communist China’s foreign exchange reserves still increased?
With the worsening situation of the pandemic, food shortages, and social problems, the Chinese Communist Party’s fake economy-referred to by Mr. Guo as the “rolling pin economy” that pretends to be strong-is on the edge of collapse. The consequences will be severe if they conceal the true situation with more bubbles.
Translation: Wenfan; Editor: Wencheng