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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (8814)	2/27/2004 11:48:44 AM
From: mishedlo	of 110194

China to ease upward pressure on renminbi snips: China signalled on Friday it plans to intensify efforts to relieve upward pressure on its currency from continued strong inflows of speculative funds betting on a renminbi revaluation, as a senior official expressed concern over rising inflation and an incipient asset bubble. "The inflation rate is rising, and the asset bubble problem is starting to get worrying," said Guo Shuqing, head of the State Administration of Foreign Exchange, a body beneath the central bank that manages the country's foreign reserves. Message 19855949

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