'Asia should pool forces to stand up to US'

Ulhas Joglekar uvj at vsnl.com
Tue Apr 23 19:02:15 PDT 2002


From: Diane Monaco Subject: Re: 'Asia should pool forces to stand up to US'


> I think these accumulated reserves have occurred for other
> reasons: mainly to weaken the currencies of these countries by buying
large
> amounts of dollars

China is an exception. China has maintained stable dollar/Yuan rate for some years. Zhu Rongji recently promised to continue that policy in future.

Ulhas



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