Western Media Speculates Bearish Outlook for Emerging Economies
ANBOUND
Recently, western mainstream media has bullish speculation on bearish outlook for Renminbi and U.S. dollar. Even the Wall Street investment banks also speculate bearish outlook for emerging economies. ANBOUND research team believes that the western media and investment banks are trying to attract massive capital inflows by guiding the market expectations. By doing so, they will have room to restructure their huge debts. However, the emerging economies with rapid economic growth and great foreign exchange reserves are able to respond skillfully. Therefore, the western media may get disappointed.