How do you interpret the "strength of the fundamentals", which is as analytical as the language of the bourgeois commentators gets? My understanding is that the Hang Seng has gone down this year on the assumption that there may be a devaluation of the renminbi.
Various bits of news, some reported on this list, show increased risk for investors in China, with the likely assumption that inward flows of capital will fall off.
Does Jiang's statement indicate that China has the advantage of size and many other levers to withstand pressure for devaluation and come out the other side in two or three years time?
Presumably the naming of Soros may be a specific tactic to make clear that raiders will be punished, and could have wider international implications if other countries resisting laissez faire world finances start to develop some sort of code.
Chris Burford
London