Shanghai Surges After Wen Jiabao Promises Yuan Will Stay Weak

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Chinese investors love their manipulated, weak yuan, just like American investors love their manipulated, weak dollar.

This weekend, the Chinese premier Wen Jiabao promised a continuation of stimulus and a weak yuan policy and boom, the Shanghai market took off like a rocket.

While you were sleeping the exchanged gained 1.5%. Other Asian indices similarly took off, with the Nikkei gaining 1.3%.

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