Would the Chinese have a chance at succeeding if they took some of their dollar inflow and invested it elsewhere? I know that the Japanese did not do so very well, buying overpriced US real estate.
Also, could they take care of the hot money problem by instituting a waiting time before money could be taken out of China? Warning: I am probably the world's least capable policy wonk. -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail [EMAIL PROTECTED]
