China's "Hot Money" Problems

Description:

China has experienced a sharp rise in the inflow of so-called "hot money," foreign capital entering the country supposedly seeking short-term profits, especially in 2008. Chinese estimates of the amount of "hot money" in China vary from $500 billion to $1.75 trillion. The influx of "hot money" is contributing to China's already existing problems with inflation. Efforts to reduce the inflationary effects of "hot money" may accelerate the inflow, while actions to reduce the inflow of "hot money" may threaten China's economic growth, as well as have negative consequences for the U.S. and global economy.
Creator(s):
Location(s): China
Creation Date: July 21, 2008
Partner(s):
UNT Libraries Government Documents Department
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Collection(s):
Congressional Research Service Reports
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Creator (Author):
Martin, Michael F.
China's "Hot Money" Problems
Creator (Author):
Morrison, Wayne M.
Creator (Author):
Foreign Affairs, Defense, and Trade Division
Publisher Info:
Place of Publication: Washington, D.C.
Date(s):
  • Creation: July 21, 2008
  • : July 21, 2008
Coverage:
Place
China
Description:

China has experienced a sharp rise in the inflow of so-called "hot money," foreign capital entering the country supposedly seeking short-term profits, especially in 2008. Chinese estimates of the amount of "hot money" in China vary from $500 billion to $1.75 trillion. The influx of "hot money" is contributing to China's already existing problems with inflation. Efforts to reduce the inflationary effects of "hot money" may accelerate the inflow, while actions to reduce the inflow of "hot money" may threaten China's economic growth, as well as have negative consequences for the U.S. and global economy.
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Subject(s):
Partner:
UNT Libraries Government Documents Department
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Collection:
Congressional Research Service Reports
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Identifier:
Resource Type: Text
Format: Text