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To: Philipc who wrote (44822)1/12/1998 7:29:00 AM
From: Paul Fiondella  Respond to of 186894
 
Philipc, if you so dumb as to ignore what is going on in the world

and are so lazy that you don't bother to read the foreign financial press, then don't talk about rumor mongering. Talk about ignorance.

Yours.



To: Philipc who wrote (44822)1/12/1998 5:36:00 PM
From: RealMuLan  Respond to of 186894
 
Paul F.: << "Yes it devalued the yuan or renminbi in 1994 by 100%."

I seriously think you should double check your source before you posted this. I was in China in August, 1993, the official rate was 1:5.5 (dollar:Yuan). After the devaluation in 1994, the official rate has been around 1:8.3. So where did that 100% devaluation come from?


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