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Strategies & Market Trends : Asia Forum
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To: don pagach who wrote (5382)8/4/1998 12:33:00 AM
From: Ron Bower  Read Replies (2) of 9980
 
Don,

To repeat the postscript at the end of my other post. As the reason given for the yuan to be devalued is China's export competitiveness.

>"The U.S. deficit with Japan declined 8.5 percent in May to $4.95 billion as both imports and exports fell. The U.S. deficit with China rose 8.3 percent in May to $4.63 billion with increases in both imports and exports."<

In the case of China, both imports and exports increased.

FWIW,
Ron
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