China and the world economy
Chris Burford
cburford at gn.apc.org
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
London
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