This doesn't respond to your question but as I read of the same demand for commodities I wonder if China is pouring dollars back out of the country for a couple of purposes -- to hedge on commodity prices and to lower the heat on the devaluation issue. Any thoughts?
Gene Coyle
Michael Perelman wrote:
I am reading all sorts of reports about soaring Chinese demand pushing up commodity prices. Has anybody thought abut the extent to which this effect undo the the beneficial effects of cheap Chinese imports??
-- Michael Perelman Economics Department California State University Chico, CA 95929
Tel. 530-898-5321 E-Mail michael@xxxxxxxxxxxxxxxxx
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