China wary of risks from international payment surplus - state newspaper |
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Mon, 29 Jan 2007 08:00 |
BEIJING (AFX) - China is wary of inflation and asset bubble risks arising from the country's international payments surplus, the official Financial News said in an editorial.According to the editorial, the surpluses lead to excess liquidity, and attract further investment, bringing the risk of inflation pressures and asset bubbles.It reiterated that China views achieving balance in international payments as its top priority for economic development.kai.guo@xfn.com
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