Week In FX Asia – Chinese Fortunes Tough to Pin Down

Week In FX Asia – Chinese Fortunes Tough to Pin Down via MarketPulse: Should we be concerned about the rumors of a pending credit crunch in China? The beauty of a one-party system is its political flexibility. With authorities having the power and ability to strike a balance quickly between reforms to its financial sector and economic expansion, it should allow China to achieve its growth target of +7.6% this year. But the reality is that issues surrounding China s shadow banking system are not going away any time soon their growing domestic U.S. debt levels are making the global markets a tad nervous. Analysts are worried about investment dominating gross domestic product growth. Whenever discussing China, it s not too much of a surprise to see the nation’s data defy even the most bullish of market expectations. Earlier this week, Chinese imports were up +10% year-over-year against +4% expected, while exports rose +11% against a flat forecast. If anything, numbers like these lead
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