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September 21, 2004

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Making the world go 'round

Marc Faber has an interesting take on China's currency policy, its purpose and where it is headed. A touch Machiavellian but not completely unbelievable either: it argues that China's currency policy may not have simply an economic aspect but a broader competitive and geopolitical purpose as well. I wouldn't rule it out as an option in the back of China's mind, should things get to that. For example during an invasion of Taiwan.

(via Ken)

 posted by Simon on 09.21.04 at 05:58 PM in the




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