My comment: China's ship (i.e., economy) is not sinking. But it is not going
anywhere, either.
Two news and an editorial from Financial Times today.
(1) Geoff Dyer, China faces heavy capital outflows; Speculative money
leaving economy; Currency reserves might start to fall. Financial Times, Jan
. 16, 2009. http://www.ft.com/cms/s/0/0770a47a-e36f-11dd-a5cf-0000779fd2ac.html?nclick_check=1
(2) Kathrin Hille, Currency forgers frustrate Beijing. FT, Jan. 16, 2009.http://www.ft.com/cms/s/0/50b78adc-e
