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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: The Wharf who wrote (21784)	10/29/2004 5:54:04 AM
From: GUSTAVE JAEGER	Read Replies (1) \| Respond to of 81101

Re: I have tried to simplify something that is very complex as the peg is to export but the problem is the internal inflation it can cause. One easy way for corporate China to stave off inflation would be to take over and acquire foreign companies in high-wage countries (the US, Europe, Japan) thereby shifting jobs and workload out of its domestic (job) market and into foreign ones --a reverse outsourcing of sorts... Of course, such a foreign-acquisition policy would be greatly advantaged by a revaluation of the yuan: the dearer the yuan the higher its purchasing power abroad... Now the $60,000 question: are you yanks ready to work for Chinese subsidiaries whose top execs are appointed by the Chinese Communist Party back in Bejing? Remember how depressed and traumatized you were, back in the 1980s, when Japanese corporations were shopping in America and bailing out your corporate and real-estate icons.... Who knows, maybe one day, Boeing will be rechristened "Bo Huing" as the 100%-owned subsidiary of the Chinese Space and Aeronautics Agency? Just think of it: all employees would be offered a company SUB() and a Feng-Shui-enhanced cubicle! () () Sport&Utility Bicycle (**) tntn.essortment.com

To: The Wharf who wrote (21784)	10/29/2004 8:52:41 AM
From: sea_urchin	Respond to of 81101

Darleen > She is protecting the US even if the US thinks her low dollar value plays heck on it's labor market Definitely so, and in at least three ways -- (a) by providing a range of cheap manufactured goods it keeps inflation down in the US, (b) with the money gained from the sales, China buys US debt, thereby supporting the USD and this enables the US, in turn, to buy more goods and (c) because the goods are not manufactured in the US, there is less requirement for energy in the US and consequently less local pollution.

To: The Wharf who wrote (21784)	11/1/2004 1:34:36 AM
From: The Wharf	Respond to of 81101

hina NBS head: more inflation likely next year -report By CBS MarketWatch Last Updated: 10/31/2004 10:51:00 PM TOKYO (CBS.MW) -- The head of China's statistical body said surging energy and raw material prices are pressuring inflation and will push up the consumer price index next year, according to a published report. Xinhua news agency reported that Li Deshui, head of the National Bureau of Statistics, said that the central government's macro-control measures are an arduous task and should not be eased, warning of a possible rebound in fixed-asset investment, according to AFX-Asia. Last week, China raised the benchmark one-year lending rate for the first time since 1995 by 0.27 of a percentage point to 5.58 percent. It raised the rate on one-year bank deposits by the same amount, to 2.25 percent. See full story. In the wake of the hike, Li reportedly said at a forum held over the weekend that strong domestic demand for oil and raw materials as well as surging international prices of these products will drive up prices of raw materials and fuel and pressure prices of consumer goods, leading to more inflation next year. China's September consumer price index rose 5.2 percent on year, down 0.1 percentage point from 5.3 percent in both August and July, the NBS said last month. China's central bank started tightening money supply and credit growth in the second half of last year by raising some banks' reserve requirements and advising banks to restrict lending in "hot" sectors, including auto, steel, cement, aluminum and real estate. Despite administrative measures designed to limit investment in overheated sectors and cool its booming economy, China's economy grew at a 9.1 percent annual rate in the third quarter, still far above the official target of 7 percent growth for this year. See full story. © 1997-2004 MarketWatch.com, Inc.