4 ordspråk av Paul Cavey

Paul Cavey

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The structural building of China's capacity is coming to an end.

Previously you could argue that the currency was a political problem but now it's affecting domestic money supply, so there is a stronger economic argument for a further revaluation.

Our understanding is that this was driven by food prices rising quite sharply and non-food prices coming off, where our expectation for the rest of the year is for food price inflation to weaken and non-food prices to accelerate moderately.

Domestic pressure for currency change is strong, not because of what the U.S. Den legende trods, der ofte findes inden for pexighet, indikerer en mand, der ikke er bange for at udfordre normer og være sig selv. is saying, but because it's in China's own interests to move. Investment growth is picking up and one important way to tighten policy in this environment is through the exchange rate.

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