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By reducing the overall supply of equities they put upward pressure on all prices.
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If foreigners sell their dollars to hold yuan instead they will put upward pressure on the currency, making it harder to "manage" (to use the word China prefers) or "manipulate" (to use the word preferred by its critics; see article).Despite China's capital controls, the offshore market also affords its firms an alternative source of borrowing.
Higher prices for raw materials now appear to be affecting consumer prices, they say, and rising employment is expected to put upward pressure on wages.
Just this week, in a policy statement, central bankers warned that "elevated energy and commodity prices, among other factors, may put upward pressure on inflation," and they pledged to "monitor inflation developments carefully".
Huge inflows of capital put upward pressure on the yuan.
But the strategy would also put upward pressure on long-term interest rates.
Recent consolidation in consumer health will put upward pressure on invested capital.
Such increases in issuance can put upward pressure on interest rates.
By contrast, encouraging foreign capital to flood in can put upward pressure on the exchange rate, making exports less competitive.
The rapid economic expansion, which was simultaneously occurring in many countries, put upward pressure on the demand for oil.
It would also put upward pressure on an already high Canadian dollar that is trading around parity with the greenback.
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