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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: mishedlo who wrote (30773)4/16/2005 1:18:31 AM
From: RealMuLan  Read Replies (1) of 110194
 
If RMB floats now, which is out of the question, then it might go up and then crash. But if RMB floats 3-5 years from now, it might go up or stable, the possibility of crash for RMB 3-5 years from now is very small.

As for Chinese want to diversify away from RMB, it is a myth. The truth is few people in China now want any US$. And if they want, they can get US$ very easily.

BTW, a lot of trade around Chinese boaders now uses RMB to mark the market.
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