Word: renminbi
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...tightened credit in a somewhat futile attempt to halt runaway inflation, will tighten it further. This would lead to economic collapse, riots and widespread bankruptcy and would be bad for stocks. In scenario No. 2, the authorities will ease up on credit and resume the merry printing of Chinese renminbi, leading to hyperinflation, which would also be bad for stocks...
...direct for China, was routinely delivered last week by jeans-clad youths outside Peking's Jianguo Hotel. The bananas, mostly imported from Ecuador, were the vendors' customary, and legal, merchandise. The offer to trade currency was neither normal nor legal-especially since the trade was 150 Chinese renminbi for 100 of the foreign-exchange certificates issued to non-Chinese that are officially valued...