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Thread: Can the appreciation of Yuan tame China's economic inflation?
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[quote=COOLSPRINGS,295037]high saving / gdp ratio, if taking the other way look around, means we cannot afford the lux. stuff. as a result, rmb appreciation won't increase imports while our exports will be hurt. and we have no mature financial intermediate that are able to allocate the resource to productive and effiecient public or private sector. social wealth weigh little in stock mkt, which is another indicator of backward of fin system. Also, china stock mkt lacks int'l rules of integrety, trasparency, instant, speculative elements involved much more than western mkt, meaning resource is not effectively used. as for the threat of inflation, i guess gov. will issue series gov bond to reach internal balance - CPI. certainly, tech improvement or highly capitalized industry (high value added) is cost effective, however, where would the massive labors go? to service industry - custormer service - call center, tele-mkting, being enterpreuners..this is the trend[/quote]
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