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Strategies & Market Trends : China Warehouse- More Than Crockery
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To: RealMuLan who wrote (999)10/13/2003 1:18:41 PM
From: RealMuLan  Read Replies (1) of 6370
 
Trade imbalances cannot be blamed on China's yuan

The recent debate on revaluing the Chinese yuan nearly triggered a currency war in Asia, but Tony Yang, head of Hongkong and Shanghai Banking Corp's (HSBC) Shanghai branch, told `Taipei Times' staff reporter Joyce Huang that it's not fair to blame China for the US' trade deficits. in a telephone interview last week, Yang said that unpegging the yuan from the US dollar, however, could bring economic stability to China

Monday, Oct 13, 2003,Page 11
taipeitimes.com
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