Saturday, December 4, 2010

Roubini : Yuan appreciation in China's interest

"Today China is overheating, inflation is rising, there is excessive monetary growth, excessive credit growth, beginning of asset bubbles,"
"One of the ways which China can control this risk is to allow a faster rate of appreciation of the currency," , said Professor Nouriel Roubini, who teaches at New York University known in financial circles as Dr. Doom for being amongst the few economic commentators who forecast the global crisis in 2006.

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