Let's hope the answer is 'no'. The US dollar should trade at 75 yen. The RMB should not rise any further. Any financial bubble in China will create massive instability in Asia. Why? Public protests post-crash will lead to mass casulties and make the Middle Kingdom close itself for another 50 years.
Should the Chinese be allowed to see its financial wealth rise, they will continue gobbling up assets. This will surely upset nationalists in asset-rich countries.
The only way to keep China at bay is to keep the RMB where it is: stuck in neutral.
BlackBerry from DOCOMO
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