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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: RealMuLan who wrote (17024)11/29/2004 12:18:33 AM
From: mishedlo  Read Replies (1) of 116555
 
China has said it would only revalue the currency under the right conditions. "Honestly speaking, the more speculation there is in society, the more unlikely it is that the necessary measures can be undertaken," Wen said. Chinese President Hu Jintao said during a meeting with US leader George W. Bush in Chile a week ago that Beijing planned to loosen the yuan's peg -- but only under the right conditions.
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