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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Knighty Tin who wrote (38841)12/10/1998 1:49:00 AM
From: Timothy Liu  Read Replies (1) | Respond to of 132070
 
> China to devalue

If they devalue, it is not the government I knew. For them, it is a matter of saving face and they can blame local problems on world environment. Also, RMB is semi-tied to $ and will feel less pressure with weaker $. Currently they have record surplus with US and that helps their foreign currency holding as well.

Tim
JMHO of course