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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 421.66

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Jan 13 4:00 PM EST

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To: energyplay who wrote (62245)	3/29/2010 7:11:31 AM
From: TobagoJack	1 Recommendation Read Replies (3) of 219322

just in in-tray PBoC announced about an hour ago appointment of three new academic members of its 15-member monetary policy committee: Prof. Zhou Qiren from Beijing University; Prof Li Daokui from Tsinghua University; and Prof. Xia Bin, from State Council Research Center. The three new members replaced outgoing Prof. Fang Gang, who was the sole academic member of PBOC monetary policy committee over the last two years. Prof. Zhou is known to be one of the strongest proponents for Renminbi appreciation and believes that an undervalued Renminbi is the source of many macroeconomic problems in China. Prof. Li was quoted yesterday at a forum as saying that China should consider allowing Renminbi appreciation before September in view of US mid-term election, despite that he did not believe the Renminbi is fundamentally undervalued. Prof. Xia Bin wrote in an article published yesterday that China should return to pre-crisis Renminbi regime under the premise that the Renminbi should be relatively stable.

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