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主题:对未来的经济的展望 -- zhuhit

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家园 gov. finally gave up on

exchange rate.

In the beginning, those self-claimed smart leaders pursue both objectives at the same time, then they even intentionally inflated the asset price (share/real estate).

After being burned in June/July 2015, they practised a very surprising switch: defend domestic bubble, but do not care about exchange rate any more.

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