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	<title>China Financial Markets &#187; Krugman</title>
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	<description>Michael Pettis&#039; finance blog...</description>
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		<title>The RMB and the magic of accounting identities</title>
		<link>http://www.mpettis.com/2010/04/28/the-rmb-and-the-magic-of-accounting-identities/</link>
		<comments>http://www.mpettis.com/2010/04/28/the-rmb-and-the-magic-of-accounting-identities/#comments</comments>
		<pubDate>Thu, 29 Apr 2010 07:45:47 +0000</pubDate>
		<dc:creator>Michael</dc:creator>
				<category><![CDATA[Currency regime]]></category>
		<category><![CDATA[Krugman]]></category>
		<category><![CDATA[Roach]]></category>

		<guid isPermaLink="false">http://mpettis.com/?p=1229</guid>
		<description><![CDATA[One nice things about writing a blog is that I don’t need to be topical.  Not only can I write worriedly about rising contingent debt levels three or four years before they become obvious, but I can also revisit a controversy that took place March involving Paul Krugman and Stephen Roach.  I revisit this old controversy [...]]]></description>
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		<slash:comments>74</slash:comments>
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		<title>How will US savings rate rise if you don’t penalize consumption?</title>
		<link>http://www.mpettis.com/2010/04/02/how-will-us-savings-rate-rise-if-you-dont-penalize-consumption/</link>
		<comments>http://www.mpettis.com/2010/04/02/how-will-us-savings-rate-rise-if-you-dont-penalize-consumption/#comments</comments>
		<pubDate>Fri, 02 Apr 2010 14:45:26 +0000</pubDate>
		<dc:creator>Michael</dc:creator>
				<category><![CDATA[Balance of payments]]></category>
		<category><![CDATA[Consumption and production]]></category>
		<category><![CDATA[Krugman]]></category>

		<guid isPermaLink="false">http://mpettis.com/?p=1212</guid>
		<description><![CDATA[There seems to be a thaw in the currency war.  President Obama and President Hu had a long telephone conversation today and my guess is that the Treasury will hold off on naming China a currency manipulator in two weeks.  I hate to be a pessimist, but this might be very temporary.  Unless the US [...]]]></description>
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		<slash:comments>80</slash:comments>
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		<title>How will an RMB revaluation affect China, the US, and the world?</title>
		<link>http://www.mpettis.com/2010/03/17/how-will-an-rmb-revaluation-affect-china-the-us-and-the-world/</link>
		<comments>http://www.mpettis.com/2010/03/17/how-will-an-rmb-revaluation-affect-china-the-us-and-the-world/#comments</comments>
		<pubDate>Wed, 17 Mar 2010 08:11:12 +0000</pubDate>
		<dc:creator>Michael</dc:creator>
				<category><![CDATA[Balance sheets]]></category>
		<category><![CDATA[Consumption and production]]></category>
		<category><![CDATA[Exports and imports]]></category>
		<category><![CDATA[Trade protection]]></category>
		<category><![CDATA[Krugman]]></category>
		<category><![CDATA[NPC]]></category>

		<guid isPermaLink="false">http://mpettis.com/?p=1190</guid>
		<description><![CDATA[The Chinese new year has only just started, and already trade tensions are ratcheting up. This is perhaps appropriate &#8212; astrologers tell us that the year of the Tiger is often a year of instability and conflict &#8212; and I suspect things will almost certainly get worse. The timing of various domestic political events in [...]]]></description>
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		<slash:comments>139</slash:comments>
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		<title>The NPC meets, and Krugman refers to the savings glut</title>
		<link>http://www.mpettis.com/2009/03/03/the-npc-meets-and-krugman-refers-to-the-savings-glut/</link>
		<comments>http://www.mpettis.com/2009/03/03/the-npc-meets-and-krugman-refers-to-the-savings-glut/#comments</comments>
		<pubDate>Tue, 03 Mar 2009 13:28:24 +0000</pubDate>
		<dc:creator>Michael</dc:creator>
				<category><![CDATA[Economic growth]]></category>
		<category><![CDATA[Policy]]></category>
		<category><![CDATA[Savings glut]]></category>
		<category><![CDATA[Trade protection]]></category>
		<category><![CDATA[Krugman]]></category>
		<category><![CDATA[NPC]]></category>

		<guid isPermaLink="false">http://mpettis.com/?p=353</guid>
		<description><![CDATA[With the tense start of China’s parliamentary season this afternoon – and with the National People’s Congress meeting Thursday – there isn’t much incentive to try to figure anything new out in China since we are likely to be given a lot more information and proposals over the next few days. What are the major [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>No f&amp;#-ing way!  These numbers are awful!</title>
		<link>http://www.mpettis.com/2008/12/11/no-f-ing-way-these-numbers-are-awful/</link>
		<comments>http://www.mpettis.com/2008/12/11/no-f-ing-way-these-numbers-are-awful/#comments</comments>
		<pubDate>Thu, 11 Dec 2008 12:08:51 +0000</pubDate>
		<dc:creator>Michael</dc:creator>
				<category><![CDATA[Exports and imports]]></category>
		<category><![CDATA[Trade protection]]></category>
		<category><![CDATA[Germany]]></category>
		<category><![CDATA[Krugman]]></category>

		<guid isPermaLink="false">http://mpettis.com/?p=130</guid>
		<description><![CDATA[“The most striking real economic fact of the past several months is not continued U.S. economic weakness, but that China&#8217;s economy has slowed much more quickly than anyone had forecast,” Australia&#8217;s central bank Governor Glenn Stevens said this week. Not quite “anyone”. Quite a few people who read this blog, some of them quite prominent, [...]]]></description>
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		<slash:comments>27</slash:comments>
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