Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: EL KABONG!!! who wrote (36199)	7/17/2003 4:18:12 PM
From: RealMuLan	Read Replies (2) of 74559

>>As long as China insists upon pegging their currency to the US$, they have no other choice than to invest/store their surplus accounts in US$ denominated assets. << Beg to differ. those same economists suggested that Chinese gov. should use them to invest in Chinese infrastructure, and reform banking, investment system... And I quite agree. And I would add, the Chinese gov. can buy some gold, or even Euro or Yen, just not the US treasury<vbg> you should read that article posted by Ramsey about why China should NOT remove the peg.

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