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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: gregor_us who wrote (980)3/2/2004 6:43:09 PM
From: RealMuLan  Read Replies (1) of 116555
 
>>This was a clear indication to me that the ground is already being prepared for a Yuan adjustment<<

My guess, your reading is wrong. The reason for Chinese gov. to use part of its foreign reserve to relieve part of the bad debts of the big 4 Chinese national banks is to prepare their IPO 2-4 years down the road. Yuan would never be free-float before the big 4 banks all on the market.

Having said that, 5% of revalue upward of Yuan is possible any time, not that really matters.
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