We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Red heat

7 January 2010 By Wei Gu

For all Beijing’s gripes, an undervalued currency will inevitably attract speculative capital, even with capital controls. If policymakers won’t revalue the yuan, the best they can do is close some loopholes to reduce the damage. But hot money will keep driving asset prices up.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)