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China flooded with ‘hot money’..expected meltdown in the US?
infiniteunknown.net — BEIJING, July 1 (Xinhua)-China has taken a series of increasingly aggressive measures in the past several months to blunt the impact of so-called “hot money,” amid the explosive growth of its foreign exchange reserves, which have soared beyond what can be explained by trade and investment flows. The inflows have been so massive as to raise alarm...
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- TheLittleWitch, on 07/04/2008, -0/+1The inflows have been so massive as to raise alarms over the country’s financial security.
Jiang and other analysts maintained that as much as 600 billion U.S. dollars in “hot money” had surged into the country, most of it after 2005.
What do these investors known that you do not know?
I having read the related articles say: Yes there is a meltdown in the making!
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