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

To: RealMuLan who wrote (19350)	12/22/2004 3:37:37 PM
From: RealMuLan	Read Replies (1) \| Respond to of 116555

[They have been making this type of forecast for as long as I can remember<g>]--"China Yuan's Gain Would Mean `Big Bonus' for Lenovo, Sinochem" Dec. 23 (Bloomberg) -- China's Lenovo Group Ltd. may save tens of millions of dollars from an expected gain in the Chinese yuan next year when it completes its $1.25 billion purchase of International Business Machines Corp.'s personal-computer unit, the biggest-ever overseas acquisition by a Chinese company. China will loosen the yuan's decade-old dollar peg by mid- 2005, letting the currency rise as much as 10 percent, according to forecasts from Merrill Lynch & Co., JPMorgan Chase & Co. and Bank of America Corp. One result: Buyers such as Beijing-based Lenovo, China's No. 1 computer maker, will pay less for overseas assets, advancing China's goal of building global companies. ... quote.bloomberg.com