whether history will repeat itself the 3rd page

1th page: outflow of hot money would force Central Bank easing 2nd page in advance: whether history will repeat itself the 3rd page: save or forced cut in October, China's foreign exchange accounts for incremental growth for the first time since a 46-month, one-month decrease of 24.892 billion yuan. Last month Foreign Exchange account for negative growth was in December 2007The financial crisis, it is caused due to the hot money return in developed countries. 　　The negative growth of foreign exchange for China's bubble economy means what? Hot-running led to negative growth in China's foreign exchange accounts for increments is usually made up of two pieces: trade surplus and foreign direct investment (FDI) growth, on the other hand was not to be interpreted in part, namely the international hot money. 10月 17 billion dollar surplus in China and $ FDI diablo 3 gold, are positive, but foreign exchange accounts for why negative? 　　The main reason is that outflow of hot money. In fact diablo 3 power leveling, there are signs of withdrawal of hot money as early as September this year. On September 22, one year of NDF (the US dollar against renminbi non-deliverable forwards) there was heavy selling of the contract, to closeRose eight basis points to 730, reflecting the single currency expected to depreciate bulls expect. The end of October, in Hong Kong and the mainland market of RMB exchange rate inverted, period, including $ BOC Hong Kong such a body did not sell off positions. 　　This series heralded the negative growth in October, China's foreign exchange. Since its currency, the Yuan against the dollarThere has always been high rise expected. Carry trade overseas hot money betting on Yuan revaluation caused, large amounts of money into China leading to exchange money occupation remain high. While some financial institutions and enterprises in China are also carrying out arbitrage. Duiwaijingmaodaxue said in an interview with the weekly red Professor Ding zhijie, "the end of June 2011, financial institutions and foreign exchange assets of the enterprises of smallIn debt, positions are negative. Indicate that enterprises not only in the past sold it to the Bank of foreign exchange earnings, also borrowed from overseas removals and then sold to the Central Bank ". And now because of dollar liquidity in the international market is extremely nervous and RMB's appreciation pressure weakened, leading overseas hot money return, those who borrow meeting institutions had to return $, United States after August money supply data boost is also supported. DangSo, property fell is also grounds for withdrawal of funds from overseas, "the past few years, get a windfall of overseas hot money mainly in real estate market, when aware of China's real estate development limited, many hot money comes, wanted to POT." Li youhuan, Director of development of social science research center of Guangdong Province on the magazine said.