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To: RealMuLan who wrote (36242)	7/18/2003 6:35:23 AM
From: Louis V. Lambrecht	Read Replies (1) \| Respond to of 74559

There is some kind of a deadline posed by China's acces to the WTO: in 2008 the currency would have to be floated. But I completely agree, the Chinese guv will not rush, even after the delay.

To: RealMuLan who wrote (36242)	7/18/2003 9:43:47 AM
From: aknahow	Read Replies (1) \| Respond to of 74559

Thanks, no I am not in the camp that thinks a slight or even a major readjustment , will help the U.S. economy. Upon the announcement when it comes, there may be some euphoria in the U.S. but afterwards IMO it will just mean more costly imports as the manufacturing base in the U.S. no longer produces what we import from China and in any event the exchange rate change will not make the U.S. competitive. I do not see China being pushed into doing anything. I do see any country, including China, acting as though it is going along with request/pressure/demands to do something it wants for its own motives, but benefits from not appearing to want to do.