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

To: RealMuLan who wrote (1393)	11/12/2003 3:33:51 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

I read that this China's top statistician - Li Deshui also said, RMB Yuan will be more likely to devalue rather than increasing in value. This may come as a Shock to the US<g> The reason for this are: China's trade surplus has declined further, the 1st 3 quarters of this year became only 9.1 billion US$, declined from 20 billion US$ from last year. Plus, a lot of investors want to exchange their profit in China into US$, so China's foreign reserve will be declining, and it is even possible that the current $400+ billion reserve will NOT be enough.