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| Zhang Xiaoqiang |
Breaking: China Willing to Buy Binds from Debt-Crisis Nations
Reiterating what Wen Jiabao said last night in Dailan, National Development and Reform Commission Vice Chairman Zhang Xiaoqiang, said China is willing to buy more Euro Zone sovereign debt. I already expressed my concerns with this development last night, though it looks like a positive in the short term. He also believes any further QE by the Fed will cause more inflation in China. CPI is expected to rise 4% this year.
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