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

To: Knighty Tin who wrote (34064)	7/22/2005 6:09:43 PM
From: RealMuLan	Read Replies (1) \| Respond to of 116555

>>If you weight it by trading partners, then the dollar is still going to be the dominant currency. << Not just BY trading partners, China also takes into account of trade surplus and deficit. As of the end of 2004, the total trade surplus for China was only $10 some billion, which is really not a big deal, and that is why China insists on Yuan is not undervalued that much. And what about Won? S. Korea possibly will surpass Japan pretty soon in terms of trading volume to China . Another trend might reduce the exports from China is that China has started to put some restriction, even ban, on most of energy intensive, resource intensive, and high pollution processing industries from May.