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

To: GUSTAVE JAEGER who wrote (22170)	12/10/2004 6:57:35 AM
From: sea_urchin	Respond to of 81019

Gus > As Chinese companies evolve from prey to predator, they are poised to benefit from a possible currency revaluation. If the yuan rises by 10 percent, 20 percent or even 40 percent against the dollar, as some analysts expect, acquisitions of companies and properties overseas will become that much cheaper. In other words, we haven't seen anything yet from China. No doubt about that. > Phase one, Straszheim says, focuses on locking up foreign sources - mining companies, mostly - of the commodities China needs to feed its economy. Just about every company of this sort in Canada, Australia, Southeast Asia, Africa and elsewhere is a target. I don't think they have bought much in South Africa -- yet. > The trend should prompt reconsideration of U.S. calls for a revaluation of the yuan, which is pegged at about 8.3 to the dollar. I presume when China starts buying foreign assets in a big way some will be calling for yuan devaluation.