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 (3622)	11/2/2004 9:35:48 AM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

From Li Ruogu, the assistant governor of the People's Bank of China on Oct. 3rd. Although old news, but still quite relevant. "No timetable In his speech, Li said, "We have already said, time and again, that we are moving towards more market-based, supply-and-demand based, exchange rates. How long it takes, I don't know," he said. He said that in China's 8,000 year history, a decade was a short time. "I have no timeframe," he said. Li said that the United States agreed in 1984 to gradually reduce Taiwan arms sales and "nothing has happened." "In the past twenty years, nothing has happened," he said. "There is no timeframe, but that doesn't mean there is no determination," he said. "We are determined to move towards more flexibility when the conditions permit," he said." wforum.com