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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (38841)	12/10/1998 1:49:00 AM
From: Timothy Liu	Read Replies (1) of 132070

> China to devalue If they devalue, it is not the government I knew. For them, it is a matter of saving face and they can blame local problems on world environment. Also, RMB is semi-tied to $ and will feel less pressure with weaker $. Currently they have record surplus with US and that helps their foreign currency holding as well. Tim JMHO of course

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