America to monetize it’s debt in response to China’s basket of currencies?
5/11/10
BEIJING (Dow Jones)–The change of wording regarding China’s exchange-rate system in the central bank’s first-quarter monetary policy report signals it is ready to move on adjusting the special exchange-rate system adopted during the global financial crisis, the China Business News reported Tuesday, citing Xia Bin, a well-known academic who was recently appointed as an adviser to the People’s Bank of China.
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