Good News From China?

Forbes, Steve
November 2005
Forbes Asia;11/14/2005, Vol. 1 Issue 7, p15
The article discusses issues related to the visit of U.S. Treasury Chief John Snow to China. Investors had better hope that Snow's focus on internal structural reforms is a face-saving way for the U.S. to back away from trying to force Beijing to undermine its currency. A big revaluation in China would trigger a recession which would then lead to a currency collapse. A stable yuan/dollar relationship would aid both the Chinese and the U.S. economies which would be good for the U.S. equities market.


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