— ahah, j’adore le concept: QT chinois pour contrecarrer les externalités négatives du QE ricain! http://ftalphaville.ft.com/blog/2010/11/24/414956/here-comes-the-quantitative-tightening —
[…]quantitative tightening (or QT) is coming to the People’s Republic of China very soon indeed.
And by QT we mean tightening by any means other than lifting interest rates directly.
As HSBC has already argued, this makes sense because it really is the only possible antidote to US quantitative easing for China — which under the existing trade framework ends up absorbing much of the US-created QE2 inflationary effect.

