还是理解不了，中国货币政策的杀伤力真的这么大？
By insisting on fixed exchange rates, China and other emerging
markets over the years have become a major exporter of capital "to
such an extent that they have been significant drivers of lower
global long-term interest rates," Mr. Carney told a full house of
Vancouver business people.



Those low rates drove
investors to comb the earth in search of higher-yielding
investments - a quest that prompted an insatiable appetite for
highly structured credit products such as those backed by subprime
mortgages.


Those sophisticated and poorly understood products are now the
main conduit for contagion of the U.S. slowdown to the rest of the
world.
Chinese economic policies "are not the sole factors, but they
have contributed to the low level of m.....