Lord Desai: forget the Renminbi, go for the Indian rupee

“China has an opaque legal system. I cannot trust the Chinese government to fulfil its promises, it may change its exchange rates. China is wasting capital and a lot of the investment that the Chinese are making will have no returns.”

Read more at: Lord Desai: forget the Renminbi, go for the Indian rupee – FT.com.

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