不忘中囯_文学城博客

回答：Japan's financial market is much more open than China's, even in 20 years ago. I think as long as the capital flows are closely monitored by the PBOC and SAFE, it is safe to say we will not follow the Japan's 15 years economic recession caused by the Yen appreciation.

That is why I agree with the central government to pace its FX regime reform before China builds up a more capable and mature banking system. The risks of international capital markets are currently beyond the abilities of domestic state-owned banks.

整个亚洲制造了中美顺差(2006-04-22)

总第660期

http://www.chinabusinesspost.net/showArticle.php?ID=3833

A Special Note:

These articles are subjected to the editor’s editing. Thus if you want to read the original piece, which fully reflect my thoughts, you can come to my blog in Wenxuecity.

人民币为何成了代罪羔羊(2006-04-15)

总第659期

http://www.chinabusinesspost.net/showArticle.php?ID=3741

新浪财经上有个网友说：每年超过1000亿美元的外国直接投资（FDI）的说法错了？

回答：Actually, the reported FDI number by National Statistics Bureau is indeed far below that amount I talk about. Although according to the government’s data, the average annual FDI is around 50-70 billion in mid-term, I think the equity investment and "error and emission" item in balance of payment should be included, too. In addition to that, many indirect investments and personal investments from GTA China, such as HongKong and Taiwan are underestimated as these money may circumvent the regulator’s watch in order to avoid the high compliance costs.

In general, the official reporting data of a national wide aggregate is a tricky issue.

写于2006年7月16日多伦多


	My Diary 259 --- 近期在国内发表的财经文章
	文章来源: 不忘中囯于 2006-07-16 12:59:52