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Thread: How far will RMB go?
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[quote=JIMMYB,268970]"Exactly JC. China's has not totally transformed to free floating exchg system. If China's government giving up control Forex, I am afraid we can see u$ 1: rmb 3.5 sooner or later. " Well, it is true that u$ 1: rmb 3.5 will be seen if China's government gives up controlling Forex. But I wonder if it is really good to do so. Most part of China's Forex holdings are US dollars. If China gives up controling Forex, what will happen? Actually, many people have suggest that China should sell its holding of dollars because dollar has been declining seriously. Do you think it is good for US economy? [/quote]
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