Chinese forex regulator warns against 'hot money'
Speaking at the FX Week China congress in Beijing last Thursday (May 6), Wang said the recovery experienced by the country continues to drive up the speculative capital inflows into the market, amid expectations for a renminbi appreciation.
Wang said the immediate focus for the government is to manage inflation, which has been challenged by the complexity of the stimulus packages. “If we exit too early we could destabilise the recovery process, but if we exit too late, we will keep inflation up
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