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Gold/Mining/Energy : A to Z Junior Mining Research Site

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To: 4figureau who wrote (3382)	2/21/2003 2:16:41 PM
From: Jim Willie CB	Read Replies (1) of 5423

already political pressure building on yuan revaluation discussion will next center on concessions to China as incentive a clip from Bloomberg as a takeaway: Pressure on Yuan China has also drawn charges from Japan, its biggest trade partner, that it's keeping its currency artificially weak to undercut other countries' exports. The Chinese yuan, pegged at about 8.3 yuan to the U.S. dollar since 1995, has weakened against the yen and other currencies in the past year as the dollar's value fell. Japanese Finance Minister Masajuro Shiokawa said earlier this week he may argue at today's meeting of the Group of Seven industrialized nations in Paris that China should revalue the yuan. / jim

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