Sunday, April 30, 2006

Does China publish M3 for Yuan?

I would be interested to see how much they've been printing...

The China Stock Blog » Labeling China a Currency Manipulator (ETFs: FXI, PGJ): "This is just one possibility. I would be surprised if any byproduct of the China situation turns out to be truly dire, negative and noticeable sure but not dire.

This is one reason why I have maintained Chinese exposure personally and for most clients. I own iShares FTSE/Xinhua China 25 Index (ETF: FXI) personally, and some clients own one of the Chinese oil companies. The yuan rising creates a little tailwind for Chinese stocks along the lines of what I wrote about yesterday."

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