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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: BubbaFred who wrote (58499)1/8/2005 11:07:30 AM
From: RealMuLan  Read Replies (3) of 74559
 
>>The Chinese agreed to let their currency float by 2007 when they joined the World Trade Organization, so we have an "end date" in the process. They would be foolish to wait until then, as the pressure would become too big, with no way to gauge the response. The longer they put it off, the more the market knows they must move.<<

I am not sure about this. I would like to see some hard fact. The US has had Gold standard until 1970s, and they have been a member of GATT all along. China has made some very stupid agreement in order to join WTO, but this one is not one of them.
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