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But isn't that is a net capital inflow of foreign exchange, increasing demand for ¥RMB, putting upward pressure on exchange rates.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Tue Mar 16th, 2010 at 02:26:18 PM EST
[ Parent ]
You mean in addition to the existing upwards pressure from being a net exporter, which the policy of accumulating reserves is supposed to be offsetting?

The brainless should not be in banking -- Willem Buiter
by Migeru (migeru at eurotrib dot com) on Tue Mar 16th, 2010 at 02:30:22 PM EST
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