China needs imports (be it raw material or finished goods) and keeps its RMB at artificially low level, there will be inflation, which is manifested through the links of economy. The speculative "hot money" serves as side show, without the inflation will still loom ahead in China.
好了,说穿了,if China is 100% self-sufficient with no import/export need, or if the whole world is only one country, there is no need for foreign exchange system or its discussion. As long as -- king - (281 Byte) 2005-4-24 周日, 01:53 (561 reads)