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A comment on Is China actually bankrupt?. Parent comment

Re:Is China actually bankrupt? by dmm on Tuesday March 16, 2010 @10:42AM (#1195778)
> a) it is trying to maintain a fixed exchange rate

I thought China is trying to maintain an exchange rate (or rate "band") with the USD.

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Re:Is China actually bankrupt? by bokonist on Tuesday March 16, 2010 @11:10AM (#1195844)
Sort of, but China's main concern is to prevent its currency from appreciating too much. The danger of too much debt is the opposite problem - too much debt forces a devaluation. So again, the level of debt is not a problem for China.
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