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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: aknahow who wrote (36241)7/17/2003 11:37:01 PM
From: RealMuLan  Read Replies (2) of 74559
 
In the best scenario, China will give a wider range of exchange rate, say 5% +/- the official exchange rate. Don't count on more in the near future. Of course, eventaully, maybe 10-15 years down the road, China will allow a complete free exchange. It is NOT that China does not want to have it, it is NOT the right time to do it yet. Don't ever bet on Chinese gov. do something rush. just won't happen.

As for what China wants in return in case it gives a little flexibility, your guess is as good as mine<g> I would say have to be something related to Taiwan. But I doubt what china might do would have any much of the bargaining power, since it won't be much changed. And I also doubt those hard-core neocons would allow it to happen.

And if you are in camp of thinking the exchange rate will help the US economy in any way, be prepare you will be disappointed.<g>
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