送交者: xj 于 2005-7-24, 01:12:12:
回答: the description of capital flow is correct. But that's 由 skipper3 于 2005-7-24, 00:49:46:
because before long term effects show up, policies are already changed.
In a sense, the immediate effects are what we should care, and indeed most people care. Politicians only care about short term effects.
Therefore, if China dump US dollars, as it is probably true, the US economy will go down pretty soon. More people will lose jobs, and manufacturing jobs.