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

To: RealMuLan who wrote (655)	9/2/2003 12:39:13 PM
From: RealMuLan	Respond to of 6370

China Not The New Japan--Yet Dan Ackman, 09.02.03, 9:01 AM ET ... But if U.S. Treasury Secretary John Snow has any plans to talk up the Chinese currency on his trip to Beijing, which starts today, Chinese officials said to forget them, according to Reuters. "There won't be any change in the exchange rate just because someone is visiting China," a spokesman for the People's Bank of China, the central bank, told the wire service. China's largest daily newspaper also weighed in, saying in an editorial that the currency should be an issue in the upcoming U.S. elections. "China's currency, unfortunately, is in a position of finding itself involved in the finger-wagging sessions that accompany this essentially American saga," it said, as quoted by Reuters. Trade with Japan was, of course, a major U.S. political issue throughout the 1980s, until that country entered a long stagnation of its own. ... forbes.com