Mish's Global Economic Trend Analysis Message Board

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

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To: RealMuLan who wrote (16215)	11/18/2004 12:07:05 PM
From: SeaViewer	Read Replies (2) of 116555

The inflation rate is higher than RMB deposit rate, which is higher than US$ deposit rate. It's not wise to put money in US$, since there is no chance US$ would appreciate in the near future. I still think Chinese government would keep RMB at current exchange rate, and let the exporters raise the price. China is expanding its direct trading with middle east, Afarica, S America, Russia, etc. They know exporting to US will slow down.

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