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November 12, 2009

The Good, The Bad and The Ugly about China

Randall Forsyth, Barron's

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By RANDALL W. FORSYTH | MORE ARTICLES BY AUTHOR

CHINA'S SUBTLE SHIFT IN ITS EXCHANGE-RATE POLICY could help correct global imbalances but the stock market won't benefit.

Just ahead of President Obama's trip to Asia next week, the People's Bank of China implicitly acknowledged the need for a strengthening in the remnimbi, which has been de facto pegged to the dollar since the summer of 2008, just before the Beijing Olympics.

With an interruption for the dollar's rebound during the worst part of...

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TAGGED: Yuan, Randall Forsyth, China

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