Cheap labor, that's the only one. They don't have anything else.
They have to come over the political hurdle first before they can talk about anything else.
I don't expect them to take any drastic action. They are comfortable with higher growth.
This will increase the political pressure from outside for China to allow the currency to appreciate. Domestic demand is much stronger than expected. They can afford to rely less on exports.
At the moment, everything is uncertain, and the market wants to put a risk premium on everything.
I think they've been doing very well. They've been moving aggressively in terms of building up the necessary financial infrastructure.
US Federal Reserve will definitely raise the interests rates, however, current oil price is undergoing a relatively long period of climbing. By taking that kind of situation into consideration, it is an inevitable tendency the price of oil and commodity will continue to rise.
There is no question that Beijing would want to do more, ... Do they want to do something 'big' just two days before Bush arrives in Beijing?
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