| Titre | A US$ 1 Trillion Question: Is The Current Chinese Exchange Rate Regime Sustainable? | |
|---|---|---|
| Auteur | A. Laure Baldi-Delatte | |
 |
Revue | China perspectives |
| Numéro | no 67, september-october 2006 | |
| Rubrique / Thématique | Economy |
|
| Résumé anglais |
The recent surge in China's foreign exchange reserves (one trillion US$ in October 2006), is behind this update analysis of the domestic issues that it raises. The speculation on a future appreciation of the yuan has recently boosted money growth in China. Some controls on capital inflows reduced short-term capital in 2005 and 2006 but this has been compensated for by a surge in the trade surplus. This has resulted in abundant liquidity in China responsible for distortions which this article endeavours to analyse. Source : Éditeur (via OpenEdition Journals) |
