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To: mishedlo who wrote (3109)2/2/2003 2:08:05 PM
From: Jim Willie CB  Respond to of 5423
 
Chinese yuan is pegged to US$, but not traded on FOREX
being pegged eliminates it from all trading
being pegged means it does not divert from the dollar
no futures
certainly somehow one could find some yuan currency

the best way to play the yuan is standard Chinese largecap stocks
if the yuan suddenly in 2004 is revalued up by 20%,
then bang
all Chinese largecaps will be revalued up by 20%

eh? jim