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

To: mishedlo who wrote (22341)	1/28/2005 9:41:49 AM
From: RealMuLan	Respond to of 116555

>>[Looks like we have a definite answer Yiwu. NO CHANGE for "a while, possibly a much longer while than people think". Do you agree? Mish]<< Yeah, at least not this year. When to change depends on a lot of factors: no hot money flowing in; the reforming in banking sector goes smoothly; the economy keeps at a decent pace;... >>On the same day, Zhu Guangyao, head of the Finance Ministry's international department told a business forum that "For any country the exchange rate issue should be decided by the sovereign state." [Yiwu is this a polite way of telling Bush and Snow to butt out? Mish]<< Definitely! And not just the US, EU, Japan as well. I read that now even the tiny S. Korea now joins in the chorus of appreciating RMB. I am so surprised at some of people's tone when they talked about RMB's valuation, as if they were talking about their currency. For heaven's sake, China is a sovereign state after all.