Who's reading SI?
Xinhua, yesterday, stated it will begin providing more pointed commentary about Beijing policy.
Let us be the judge of that, I say.
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SHANGHAI, Jan 16 (Reuters) - China has time and an array of economic weapons in its arsenal to help it keep a promise not to devalue the currency to spur exports, analysts said on Friday.
While the steep fall in other Asian currencies has greatly enhanced the competitiveness of some rival exporters, China still has
breathing room, they said.
"The fall of Asian currencies will hurt China's exports but not until later in the year," said Nicholas Kwan, senior economist at Merrill Lynch [NYSE:DJM - news] in Hong Kong.
Kwan said that although some regional competitors had gained a currency advantage, the economic damage inflicted on them by the financial turmoil would cushion the impact on China until the second half of the year.
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Recall that Mr.'s Jiang and Zhu stated this revamping of the domestic economy is a three-year plan. However, much impact is needed presently.
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Just a note: In the end, it must be the Chinese who determine the fate of their own economy. I regret that in this day and age we can not assist them as the French assisted us. Much, therefor, depends on the current regime.
Am attempting to uncover some intelligence reports on the PLA's current disposition. I will post on this when anything relevant is discovered. My conjecture on the PLA at this point is unnecessary.
Also, am concerned that I have not heard anything of Li Peng recently.
Excuse me for going on, but I believe much is at stake at the moment and do not wish for anyone to make a regretful investment move while conditions in China, and necessarily Hong Kong, exist as they are.
Good morning, and as always -- good luck. |
