Prepare for Chinese economic change

According to this article by Stephen Roach, published by MoneyWeek on Friday 30 March, China has no choice but to continue monetary tightening as it tries to bring its rapidly growing and unbalanced economy under control.

"With the exception of a few soft months over the past three years, a white-hot Chinese economy has largely been unresponsive to the current off-and-on tightening efforts that were first initiated in the spring of 2004," the article says.

"Suddenly, China's once opaque policy

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