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Chinese experts say currency speculators threaten economy.
(From BBC Monitoring International Reports)
Text of report in English by official Chinese news agency Xinhua (New China News Agency)
Beijing, 28 November: Movers of "hot money" - the sort who toppled Asian currencies in 1997 - will not be able to do the same thing in China, economists say. Even so, financial speculators betting on a renminbi revaluation pose a serious threat to the nation's economy, according to the Beijing Morning Post [Beijing Chenbao, a Chinese language daily].
"China does not have a highly developed financial derivatives market with foreign exchange futures and options trading," Dr Yu Weibin with the financial research institute …
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