With the PBoC’s currency announcement last Saturday and the surge (!) in the value of RMB on Monday (all very kindly timed to add zest to my meetings this week in Boston, New York, and Washington), you would assume that today’s entry would be all about the RMB and the effect of the PBoC announcement. …
Read More…Archive for June, 2010
China: where’s the inflation?
I apologize for waiting two weeks since my last post, but my schedule has been crazier than usual what with the SED meeting and a number of conferences and visitors to Beijing. What’s more, next week I will go to New York and environs for a week, followed by a week in Italy. It always …
Read More…The Shanghai market isn’t really predicting anything
It has not been a good year for the Shanghai stock market. Since its closing peak at 6092 in October 2007, the closing high in the past year or so on Shanghai’s SSE composite was 3471, on August 4 last year. Since then the market has been pretty bleak. The SSE Composite finished 2009 by …
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