Those several currencies all tied to US dollors anyway. And we will see how "narrow" the range is going to be. The essence is that China will not let herself lose the cost advantage just from floating RMB exchange rate, and she should have enough reserve to achieve that. I guess people are smart - market has not changed much at all.
It is not a big change matter-of-fact. What's changed is from a fixed peg to USD to a narrow range peg to several currencies. And -- Brad Pitt - (337 Byte) 2005-7-22 周五, 01:32 (203 reads)