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Francis Donating Member (317 posts) Send PM | Profile | Ignore Tue Feb-24-04 02:59 PM
Response to Reply #10
11. Hope
It is hoped that the slow decline of the dollar will narrow the gap.But and it's a big but We import so much stuff from China that if they continue to peg the yuan to the dollar then we will see no big advantage there.
I think some heavy arm twisting must be going on behind the scenes.
China has made vague promises about correcting the x rate but it seems to allude to later rather than sooner
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