China is managing its economy quite well. Key rates were nudged higher again today, an effective shot at price pressures as a bit of a brake was applied to the locomotive.
This 9-month tightening cycle is at, or very near an end. We can then expect this economy to move along nicely into year end. The Chinese consumer, freed from protective exchange rate policy of the past (artificially weak yuan with no buying power) will fire US exports as never before.
Robert Craven
This 9-month tightening cycle is at, or very near an end. We can then expect this economy to move along nicely into year end. The Chinese consumer, freed from protective exchange rate policy of the past (artificially weak yuan with no buying power) will fire US exports as never before.
Robert Craven
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