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Thread: How do you think of the appreciation of RMB?
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[quote=APAULT,235510]I don't think the reserves are really a problem. Sure it is an imbalance inthe world system, but it is just one of many. Saudi Arabia is/was in the same situation. China like the Saudis is choosing to invest overseas, which offsets some of the foreign ownership inside China. Also the money is available should the chinese economy falter - it can be used Keynsian style to keep the Chinese economy going[/quote]
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