Chinese investors love their manipulated, weak yuan, just like American investors love their manipulated, weak dollar.
This weekend, the Chinese premier Wen Jiabao promised a continuation of stimulus and a weak yuan policy and boom, the Shanghai market took off like a rocket.
While you were sleeping the exchanged gained 1.5%. Other Asian indices similarly took off, with the Nikkei gaining 1.3%.
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See Also:
- Wen Jiabao: A Weak Yuan Is Awesome For the World
- Huge Surprises In 2010: An American Third Party, A Major Yuan Devaluation And The VIX Falling To 14
- The Entire Chinese Market Has Become A Big Bet On Yuan Repricing
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