OBSERVATION OF MICRO-ECONOMY (四)

The beginning of serious devaluation of RMB, excessive administrative control will make the market distort, the structure deformed, the real economy weary and the bubble economy flush; it must lead to financial crisis and economy crisis. Recently, the capital’s flowing out speeds up, The devaluation of RMB is more serious than expected, it is not result from the market’s natural adjustment, but the premonition of crisis. Can we rely on the stimulation to save the market? We don’t have much room and time of reformation to squander freely. A short-term pain is better than long-term pains, it is not too late if we take actions now, and never take your own course.

CWMALLS COMMODITY:Chang

2012.7.30