Name: Dollar Trap
Author: Yan Xingfang

Stats

9.4Score

71Chapters

Synopsis

There is a story about a customer who asked a tailor to make clothes. He did not pay the wages after the clothes were made, but used the wages to buy fabrics from the tailor and continued to make clothes here. In this cycle, customers wear new ones every day without having to pay wages at all! The United States is such a customer, and China is such a tailor. To put it bluntly, we use our own money to buy goods and give them to the United States for consumption. This is the dollar trap that can't be stopped. The first part of "The Dollar Trap" written by Yan Xingfang reveals the formation and manifestation of the dollar trap, and the second part explores how my country can avoid falling into the dollar trap further and how to reduce the loss of foreign exchange reserves.

Reader comments

In 2012, he foresaw the side effects of US dollar assets, and his vision was sharp enough.
6 likes2y ago
This is a high-quality book. It is rich in knowledge, professional and thorough, and written in a brisk and easy-to-understand way. Thank you to the author for your hard work!
6 likes2y ago
Recommended to learn about world history
5 likes2y ago
We are like the tailor in the story, working hard but only watching the United States enjoy the benefits. This reminded me of my own entrepreneurial experience, and I also realized that I must remain vigilant in international trade and not fall into the dollar trap. This book gave me a lot of inspiration and is worth reading!
5 likes2y ago
It's rewarding and worth reading. October 10, 2024
3 likes1y ago
A book worth reading!
2 likes2y ago
Professional, well-founded and easy to understand.
1 like1y ago
A very good book, very well analyzed. Worth reading for every big leader
1 like1y ago
The writing is profound and thought-provoking!
1y ago
Popular, easy to understand, and rich in content
1y ago
A book worth reading
1y ago
There is a pessimistic rationality in prudence
1y ago
The author has profound thoughts. The author has profound professional knowledge.
1mo ago
It is both professional and popular, worth reading.
8mo ago

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