The ratio of yuan inflows to Hong Kong against outflows to the mainland had decreased to 0.8-to-1 as of the end of September, from 1.5-to-1 in the first half and 3-to-1 in 2010, he said, adding that the situation in October was almost the same.In a Chinese article on the topic, one reason given for selling of renminbi was fund managers going to cash in U.S. dollars. The article is overall optimistic and blames the dip in deposits and flows on short-term phenomena. I don't think the ongoing debt crisis is short-term though, so it could be a rough 2012 for the yuan.
王毅访新西兰、澳大利亚 双边关系现稳定进展
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中国外交最高级别官员王毅18日访问了新西兰,进行新西兰新保守派政府上台以来的首次访问。他还将于20日访问澳大利 […]...
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