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Reserves Tightened Again

 
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rffrydr
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PostPosted: Thu Apr 05, 2007 6:38 am    Post subject: Reserves Tightened Again Reply with quote
Braking new highs in the Shanghai:

http://www.marketwatch.com/news/story/chinas-central-bank-lifts-reserve/story.aspx?guid=%7BFC88DDD7%2D029D%2D4058%2DB06C%2DC22B55008B4D%7D
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HenryTo
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PostPosted: Thu Apr 05, 2007 7:22 am    Post subject: Reply with quote
Inflation is also perking up in China. If that gets "uncontrollable" (it is currently at 2.7% vs. a target maximum of 3.0%) then China will have no choice but to adjust the Yuan upwards again - although it will again be a baby step (<5%).
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