NDRC official rings 'hot money' alarm
![NDRC official rings 'hot money' alarm](../../attachement/jpg/site1/20100106/0013729e4a9d0cae1a430a.jpg)
China may see "huge" inflows of speculative capital as foreign investors step up bets on yuan gains, making it difficult to manage liquidity, said Zhang Xiaoqiang, vice-minister of the National Development and Reform Commission (NDRC).
Loose monetary polices in developed countries, a weakening US dollar and China's economic recovery will put renewed pressure on the yuan to appreciate, Zhang said in a statement yesterday.
Overseas investment is estimated to have increased in 2009 and the country is becoming more reliant on foreign economies, he said.
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