Friday, 21 January 2011

Moneynews.com


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Krugman: There's No Winners in China's Currency Policy


Economist Paul Krugman says fears that China’s economic problems could trigger a global crisis seem overblown. Unfortunately, China’s currency policy “is a lose-lose proposition, simultaneously depressing employment here and producing an overheated, inflation-prone economy in China itself,” Krugman writes in The New York Times.


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