Ba Shusong
Ba Shusong
adjustment degree economy effects makers observe policy
Policy makers will observe the effects of the revaluation on the economy and the degree to which it is digested. This is an adjustment period.
lending raising rate
Raising the lending rate is the first tightening of the controls.
central exchange fixed floating hands initiative rate
Under the floating exchange rate system, the initiative to take on speculators is in the hands of the central bank, while under the fixed exchange rate system, the initiative is actually in the hands of speculative capital.