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

To: RealMuLan who wrote (16215)	11/18/2004 12:07:05 PM
From: SeaViewer	Read Replies (2) \| Respond to of 116555

The inflation rate is higher than RMB deposit rate, which is higher than US$ deposit rate. It's not wise to put money in US$, since there is no chance US$ would appreciate in the near future. I still think Chinese government would keep RMB at current exchange rate, and let the exporters raise the price. China is expanding its direct trading with middle east, Afarica, S America, Russia, etc. They know exporting to US will slow down.

To: RealMuLan who wrote (16215)	11/18/2004 1:18:43 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Chinese Move to Eclipse U.S. Appeal in South Asia By JANE PERLEZ nytimes.com Published: November 18, 2004 CHIANG RAI, Thailand - In pagoda-style buildings donated by the Chinese government to the university here, Long Seaxiong, 19, stays up nights to master the intricacies of Mandarin. The sacrifice is worth it, he says, and the choice of studying Chinese was an easy one over perfecting his faltering English. China, not America, is the future, he insists, speaking for many of his generation in Asia. For a few years ahead, it will still be the United States as No. 1, but soon it will be China," Mr. Long, the son of a Thai businessman, confidently predicted as he showed off the stone, tiles and willow trees imported from China to decorate the courtyard at the Sirindhorn Chinese Language and Culture Center, which opened a year ago. The center is part of China's expanding presence across Southeast Asia and the Pacific, where Beijing is making a big push to market itself and its language, similar to the way the United States promoted its culture and values during the cold war. It is not a hard sell, particularly to young Asians eager to cement cultural bonds as China deepens its economic and political interests in the region. ==================================================== Are you going to teach the board how to speak Chinese? Mish