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 (36224)	7/17/2003 4:51:38 PM
From: RealMuLan	Read Replies (1) of 74559

>>If they were to try to fund projects, etcetera using the US$, then no one would want the $ at the current peg rate<< No one? There will be plenty. the possible candidates are: Chinese nationals who want to travel/study abroad, foreign parties of joint advanture companies... . Right now there is a very low cap for those parties who want to exchange. And the most important reason for China having such a high foreign reserve is due to its strictly-control policy. If Chinese gov. feels comfortable and wants to convert them into RMB, those will be the first thing they are looking at. Although looks Chinese gov. is not feeling comfortable to do that just yet. And also, my suggestion is to buy gold, or Euro or Yen, those trade can be done directly using US$.

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