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Thread: How far will RMB go?
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[quote=JIMMYB,268594]Quote:"i want to point out is wages are indexed with inflation rate, if inflation is above upper level band, in another words, more and more paper money in circulation cannot reflect real GDP (money losing purchasing power - depreciation), the result is psychological uncertainty of mkt real demand, hesitance of business further investment - recession..." Yes, Marrie. That is why some people say RMB is appreciating in international market but depreciating in domestic market. "wages are indexed with inflation rate". Do you mean that wages increase with inflation rate soaring? But the situation in China is that wages can't keep pace with inflation rate. Therefore, many people suggest that wages should be increased now. BTW, if more paper money in circulation cannot reflect real GDP, what can reflect GDP, Marrie? [/quote]
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