Asia Rising

There’s been interesting news from Asian markets. The Japanese Nikkei hit a four-year high yesterday. China reported its second-largest trade surplus ever. For July, China’s trade surplus was over $10 billion. The trade surplus is growing by more than 50% this year. What I find interesting is that Beijing is slowing letting the yuan rise. Yesterday, it made another post-revaluation high. There’s clearly a desire to move the yuan higher, but I’m curious as to how much Beijing will fight it.

Posted by on August 11th, 2005 at 10:05 am


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