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Friday, October 7, 2011

The 'asset crisis' of emerging economies - Opinion - Al Jazeera English

The 'asset crisis' of emerging economies - Opinion - Al Jazeera English: "

But, while China's foreign assets are denominated in US dollars, its liabilities, such as FDI, are mostly denominated in renminbi. As a result, when the dollar depreciates against the renminbi, the value of China's foreign liabilities increases in dollar terms, while that of its foreign assets remains unchanged."

'via Blog this'

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