Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (248147)	7/2/2003 12:45:28 PM
From: RealMuLan	Respond to of 436258

China seeks to ease pressure for revaluation By James Kynge in Beijing Published: July 1 2003 19:41 China is looking at ways to relieve pressure for the revaluation of the renminbi, as a prelude to adjusting the 10-year-old system that effectively pegs the currency to the US dollar, according to officials and academics. Such considerations have become more urgent recently as a rapid inflow of "hot money" has strained the central bank's ability to dictate monetary policy. Officials said the central bank had recently been forced to buy an average of $600m dollars a day to steady the exchange rate. Message 19078830