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 Strategies & Market Trends : The Financial Collapse of 2001 and Beyond

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To: TobagoJack who wrote (67999)11/12/2010 8:57:20 PM
From: GPS InfoRead Replies (1) of 100765
 
...should yuan float...

TJ, in your mind does the yuan still need to be pegged to the dollar? If so, over what time frame does it stay pegged. I can't see how it can become a world currency while still pegged to the dollar? It seems that China can't have it both ways.

From the earlier article:

But it won’t be quick. China has set a 2020 goal to develop Shanghai as a global financial centre commensurate with the status of the yuan, and China’s role in the world markets. So 2020 is seen as a tentative deadline for yuan internationalisation.

Regards
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