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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: RealMuLan who wrote (36393)7/22/2003 1:42:26 PM
From: RealMuLan  Read Replies (1) of 74559
 
No-shows marr ASEM meeting

bday.co.za

DALIAN - A meeting of Asian and European economic ministers, meant to be China's first high-profile post-Sars event, is likely to be marred by European no-shows and a Chinese reluctance to touch the hot issue of the yuan.
The question of whether the Chinese currency is undervalued is expected to be on many participants' minds during the fifth Asia Europe Meeting (ASEM) of economic ministers in the northeastern port city of Dalian this week.

Even so, when Chinese Commerce Minister Lu Fuyuan addressed senior Asian and European officials Tuesday, he failed to mention the yuan or the fact its peg to the US dollar has allowed it to fall against major currencies recently.
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