| « Previous | Back to contents | Next » |
China's economy feeling the heat
HOME > PAST ISSUE > REPORTS [Premium content]June 2008
Booming speculative inflows of hot money may have dire repercussions for China’s economy
Zhu Baoling, deputy chief of the State Information Center’s economic forecasting department, sent ripples through China’s financial world in April when he announced that hot money inflows had reached US$80 billion in the first quarter of the year. This compared to hot money inflows of around US$120 billion for the whole of 2007, he said.
Speculators may be setting their sights on China because of the seemingly unstoppable rise of the renminbi. The yuan gained more than 4.2% ...
Speculators may be setting their sights on China because of the seemingly unstoppable rise of the renminbi. The yuan gained more than 4.2% ...
log in to continue reading...
 |
| « Previous | Back to contents | Next » |
To receive the best China business news that the market has to offer,
subscribe to the China Economic Review.
subscribe to the China Economic Review.