Mish's Global Economic Trend Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: RealMuLan who wrote (15325)	11/10/2004 9:28:07 AM
From: mishedlo	Read Replies (1) of 116555

China to keep exchange rate policy unless economic imbalances increase - MoF Wednesday, November 10, 2004 10:35:42 AM afxpress.com BEIJING (AFX) - China will maintain its current exchange rate policy unless there is an increase in economic imbalances, Lou Jiwei, Vice Minister of Finance, said. Drastic changes to the exchange rate system ran the risk of triggering an economic hard landing, which could have a negative impact on countries heavily dependent on Chinese demand for their exports, Lou said at a chief executives forum here An adjustment to the existing exchange rate policy would only occur if there was "an increase in existing economic imbalances", Lou added, without elaborating. So far, the "imbalances" were only minor China's currency has been pegged at about 8.3 yuan to the dollar for the past 10 years. Policy makers have recently flagged the possibility of moving towards a more flexible exchange rate system while maintaining a stable currency

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next