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.

Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (641)	9/1/2003 8:03:47 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

ECONOMIC FORUM / Fight for monetary hegemony centers on yuan Kan Tsutagawa The Chinese currency is coming under intense pressure. U.S. Treasury Secretary John Snow arrived in Tokyo on Monday as a part of his tour of Asia before visiting China and attending a meeting of finance ministers of the Asia-Pacific Economic Cooperation forum in Phuket, Thailand, later this week. The question of the yuan's strength is expected to be the focus of a series of talks with monetary authorities in various nations. In the face of observations that China may soon take action to widen the range of foreign exchange fluctuations, the yuan is finally going to take center stage in currency diplomacy this autumn. ... The beginning of offensive and defensive campaigns in autumn over the yuan, dollar and yen could be the opening chapter of a feud among new and old economic powers battling for monetary hegemony in Asia and the rest of the world in the 21st century. Tsutagawa is economic news editor of The Yomiuri Shimbun. yomiuri.co.jp