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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: yard_man who wrote (4312)	4/14/2004 2:09:26 PM
From: mishedlo	Read Replies (1) of 116555

Treasury taps Paul Speltz for financial envoy to China Wednesday, April 14, 2004 4:16:35 PM WASHINGTON (AFX) -- Treasury Secretary John Snow has tapped the current U.S. executive director for the Asian Development Bank, Paul Speltz, for the newly created position of financial envoy to China where he will advise China on how to adopt a flexible exchange rate. Speltz "has firsthand experience in understanding how China's (World Trade Organization) compliance, market access and currency policy does and can impact America's small business," Snow said in a written statement. Speltz will continue to serve as the U.S. representative to the ADB in Manila and will split his time between the U.S. embassy in Beijing and Manila, where he will continue to live. ====================================================================== Did China ask for our advice? Are we going to give good advice? Will China listen to our advice whether it is good or bad? Mish

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