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View Full Version : Yuan Needs 3% Gain to Stop Exit of ‘Hot Money,’ Researcher Says - Bloomberg



NewsWhore
03-09-2009, 10:00 PM
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Yuan Needs 3% Gain to Stop Exit of ‘Hot Money,’ Researcher Says (http://news.google.com/news/url?sa=T&ct=us/5-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601087%26sid%3DaFWLCgoGeFCc%26refer%3Dhome&cid=1313351979&ei=dMq1SeyQAYHoQqytuMkJ&usg=AFQjCNFZYQSkhnjN5nOZIzli6r7fKMRHMg)
Bloomberg
“A weaker currency will prompt massive amounts of foreign capital to flee the country,” said Wang, secretary general of the China Society of Macroeconomics, a Beijing-based research institute under the National Development and Reform Commission that ...


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