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Debt and quality of growth Replies |
rffrydr Moderator


Joined: 30 Oct 2005 Posts: 16932 Location: Sunny California
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HenryTo Site Admin


Joined: 06 Aug 2004 Posts: 11734 Location: Los Angeles, California
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Posted: Wed May 03, 2006 11:03 pm Post subject: |
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| For some reason, the growth of foreign currency reserves have also outpaced the growth of its surplus plus foreign direct investments (FDI). One wonders where all that money came from. Perhaps it is all borrowed money? When it was profitable to borrow USD and use it to buy Shanghai real estate? One thing's for sure: There is still a lot of hot money in China right now hoping for a significant revaluation in the Yuan. |
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