Edward, Nick. (2012, Apr 15). China currency move nails hard landing risk coffin. Reuters. Retrieved April 18, 2012, from http://www.reuters.com
China has a problem about economy since 2008 to 2009 because the financial crisis that made the rate growth below the expectation. China wants to change its currency regime to make the economy becomes stable and the problem will be solved. This plan includes clearing all the debt and managing economic in the country. Communist Party controls all the business in China too much that caused unreliable vast factory and asset bubbles. The growth will react if the budget deficit get 1 percent higher in GDP and new bank inducing reaching more than 8 trillion.
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