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This book highlights the difficult policy choice that must ultimately be made during China's structural reform according to the theory of the Impossible Trinity, between exchange rate and monetary policy autonomy.
The fear that China's competitive stress will trigger another Asian crisis is flawed. This book dispels the myths behind the political rhetoric of the China economic threat and identifies the real risk for Asia. Combining rigorous research, economic logic and real-world examples, conventional thinking is debunked and the findings are irresistible.
The fear that China's competitive stress will trigger another Asian crisis is flawed. This book dispels the myths behind the political rhetoric of the China economic threat and identifies the real risk for Asia. Combining rigorous research, economic logic and real-world examples, conventional thinking is debunked and the findings are irresistible.
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