中文字数:4925,中文页数:9 英文字数:2736页数:11 China’s foreign exchange reserves continue to accumulate at a quite substantial pace in recent months, and the latest data show that “hot money” inflows may have accelerated. This and the recent currency market turmoil in other economies have led to an explosion of discussions and concerns about “hot money” in China. A wide range of estimates on the size of the hot money inflows have flocked to the public arena and alarm bells about possible large outflows rang loud. Just how much should China worry about “hot money” inflows and outflows? Here is what we think: 在最近几个月里,中国的外汇储备继续以稳定的速度增加。最新的数据显示,“热钱”流入可能加速。这和其他经济体最近动荡的货币市场一起,导致“热钱”在中国引起爆炸性的讨论和担心。大量关于“热钱”流入规模的估计已经公开,这敲响了大量资金可能外流的警钟。只是中国对“热钱”流入和流出的担心到底应该有多大?我们的观点如下:
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