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Strategies & Market Trends : Moomin Valley (formerly Troll-free Zone) -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (1322)	4/27/2006 8:39:23 AM
From: RealMuLan	Read Replies (1) \| Respond to of 2852

You sounds as bearish as ever<g> >>PS - due to an interest rate hike in China?!<< No, I don't think so<g> >> Had to revise my stuff on the Chinese exchange rate since last year :)<< Not much to revise since currency basket has been effective last, and nothing has changed since then. I doubt China's central bank will allow the exchange rate break Y8:$1 since there are just too much hot money parked in China and waiting for some major revision and withdraw. I read a couple of days ago that now more than 50% of China's foreign reserve is short term foreign debt, and most of these are "Hot Money" flowing in under the name of FDI... Here is my post yesterday, China will never make any concession in Currency exchange issue. Message 22394276