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

To: gregor_us who wrote (21080)	1/11/2005 7:43:21 PM
From: RealMuLan	Read Replies (2) \| Respond to of 116555

>>likewise, China needs to get more realistic about depending on the US as a Consumption Monster.<< Yes, China is preparing for the slowdown in the US. and that is why China spends billions in Latin America, and also a lot in Africa. The exports from China will continue to increase to Africa, South America, and other Asian countries. But the share of the US-China trade of the total China's trade will contine to decline. Here is the US share of the total China's trade volume and y-o-y change (since joining WTO): 2002 15.7% -0.1% 2003 14.8% -0.9% 2004(1-11) 14.7% -0.3% As for the revalue of RMB, who knows? But as I have said, even if appreciation of RMB for 10% will not help the US$ decline. We can just wait and see<g>. Best regards,