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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Snowshoe who wrote (34977)6/14/2003 1:13:07 AM
From: smolejv@gmx.net  Read Replies (2) of 74559
 
Jay answered >>The Yuan is not freely convertible to other currencies by law, though not really by fact. << which for me just rephrases your question.

Let me climb out on the limb: The peg essentially makes the Chinese economy a close partner if not a member of American market (of products, capital, manpower, jobs...). Seen from this perspective

a) China is 10x the size of factories in Tihuana & the rest of Mexico and S.America ("who-needs-naphta"-reason)
b) there's Pacific and not some 10ft fence between the two countries ("who-needs-Rio-Grande"-reason)
c) The growth of Chinese economy can not be absorbed by Chinese economy alone, so J6P and Sir Alan are helping along ("who-needs-Nihon"-reason)

I am sure the thread could find some more letters to provide;

RegZ

dj
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