Heinz Blasnik- Views You Can Use Message Board

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Strategies & Market Trends : Heinz Blasnik- Views You Can Use

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To: Wyätt Gwyön who wrote (3103)	7/22/2003 7:29:05 PM
From: TobagoJack	Read Replies (1) of 4909

Hello Darfot, <<... China already has such horrible banking problems and enormous amounts of non-performing loans at the SOEs>> ... this is precisely why even if the RMB manages a 5% revaluation upward, it will come back down again due to PBOC (People Bank of China - Chinese central bank) dropping money from helicopters to fix the issues you pointed out. Competitive devaluation may be the natural outcome of deflationary bouts. Chugs, Jay

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