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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (16000)	11/17/2004 12:56:03 AM
From: RealMuLan	Read Replies (2) \| Respond to of 116555

Mish, just some double talk, like Greenspan, you know<g> Is this a person of sufficient authority to set policy? Yes, he is one of the major decision maker, and he has won some good comment from the West. What the H is he saying exactly? Basically talking down the possibility that China would revalue RMB in the near future so those hot money could leave<g> He basically said that China will mainly base its currency exchange policy on domestic economic situation, only marginally consider how other countries feel about it<g> What's this talk of deflation? Just a metaphor<g> What he meant is China will be practical and change its banking policy according to whatever might happen. And you may want to read this older article as why China still wants to wait and see. Why is the appreciation of Renminbi suspended? Last Updated(Beijing Time):2004-10-18 17:04 en-1.ce.cn