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

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To: 4figureau who wrote (4406)	5/14/2003 10:12:43 AM
From: RealMuLan	Read Replies (2) of 5423

>>Yet many economists dismiss the idea of a yuan revaluation any time soon. In a country that prizes stability, a dearer yuan would fuel deflation -- souring more loans in a creaking banking system -- and dampen growth in job-creating export sectors.<< these guys know China better. Don't count on Yuan re-evaluation, not in the near future. Pressure never works with China.<g> >>And if Snow wins backing for his idea of expanding the G7 to 10 or 12 countries, presumably including China, the institutional mechanism would be in place to strong-arm Asia into abandoning what many see as undervalued pegs to the dollar.<< If that is the purpose to bring China to G7, they will be disappointed.<g> China may very well opt not to join.

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