中国放松外汇管制动机何在？

choi

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VOA Chinese, Aug. 28, 2010.
http://www.voanews.com/chinese/news/20100827-Chinese-Forex-Controls-101692793.html

My comment: The reporet cites

Andrew Batson and Aaron Back, China Eases Forex Controls on Earnings by Exporters. Wall Street Journal, Aug. 28, 2010.
http://online.wsj.com/article/SB10001424052748704147804575454973813623654.html
("But dealing with that rapid accumulation of reserves has become an increasing headache for the central bank: It bought $81.1 billion of foreign reserves just in this year's second quarter, most of which was parked in U.S. government debt. While China has increased purchases of Japanese and Korean bonds this year, few markets are big enough to handle the amounts of money China's export sector generates")

The quote sounds familiar. The Fidelity Magellan Fund has become so humongous that it is extremely unwieldy.


-----------------------------------Separately
(1) 大学生体检艾滋阳性 教育局拒录遭诉. VOA Chinese, Aug. 28, 2010.
http://www.voanews.com/chinese/news/20100828-China-HIV-101712983.html

(2) Michael Wine, China’s Growth Leads to Problems Down the Road. New York Times, Aug. 28, 2010.
http://www.nytimes.com/2010/08/28/world/asia/28china.html?_r=1&scp=2&sq=china%20traffic&st=cse
("Chinese authorities proclaimed an end this week to an epic traffic jam that had brought some drivers here to a dead halt for up to five seemingly endless days. Which is heartening news, save two problems. One is that the traffic jam has not ended. * * * The other is that it may not end until, oh, 2012")


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