China and the world economy

Chris Burford cburford at
Thu Jun 18 23:55:58 PDT 1998

I suggest it is reasonable to suppose that a major factor propelling the US into its massive intervention to support the yen, was behind the scenes warnings from the Chinese that they are considering devaluing the renminbi.

This may be the first time that the Chinese economy has become a factor in the management of global financial systems.

Chris Burford


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