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

To: RealMuLan who wrote (737)	9/16/2003 11:54:15 AM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

China Told Not to Relax Yuan Limits By KEITH BRADSHER ONG KONG, Sept. 15 - Credit-rating agencies strongly warned today that China should not let its currency appreciate soon or relax controls on the movement of large sums of money in and out of the country, as the Bush administration has asked. The Chinese banking system was not ready, the rating agencies said. Advertisement An increase in the currency's value in foreign exchange markets "would place additional strain on an already insolvent banking system," said Paul Coughlin, the managing director for Asian government and corporate ratings at Standard & Poor's, the world's largest credit-rating company. nytimes.com