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

Wrong reason

26 July 2005

China says it s moving slowly on forex reform because it fears a hedge fund attack on the renminbi would cause a repeat of the 1997 crisis. Hedge funds are handy scapegoats. But they couldn t cause a Chinese crisis now, just as they didn t cause the Asian crisis eight years ago.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)