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China's forex regulator vows to stem hot money inflow

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littlekracker



China's forex regulator vows to stem hot money inflow
English.news.cn 2010-03-09 10:12:13


Yi Gang, vice governor of the People's Bank of China and also director of the State Administration of Foreign Exchange, answers questions during a press conference on foreign exchange control and foreign exchange reserve held on the sidelines of the Third Session of the 11th National People's Congress in Beijing, China, March 9, 2010. (Xinhua/Yuan Man)

BEIJING, March 9 (Xinhua) -- China's foreign exchange regulator said on Tuesday joint efforts should be made to fundamentally stem hot money inflow.

Yi Gang, head of the State Administration of Foreign Exchange and vice governor of the central bank, made the remarks at a press conference.

windreader1



Best way to stop the hot money inflow is to reval the currency. Doesn't take a rocket scientist to figure that one out.

Guest


Guest

the HOT money is already THERE!!!! last total is over 600 billion in hot money.....that's kinda like shutting the gate AFTER the cows got out.

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