Guy de Jonquieres, Senior Fellow at the European Center for International Political Economy and former chief Asia Commentator and World Trade Editor of the Financial Times, spoke on the Asian Economies Post-Crisis Panel at the Salzburg Global Session "Emerging Asian Powers: Rivalry and Global Responsibility."He said it was still uncertain how far China-s -- and the rest of Asia's -- recovery was propelled by a genuine resurgence in real demand and warned there were signs that the stimulus was creating asset bubbles that could lead to price inflation. Most Asian currencies are under pressure to revalue, but the governments are reluctant and much of Asia seems to remain locked in a cycle of competitive non-revaluation.moreless
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