Oracle's second R & D Centre for China

Ian Murray seamus2001 at attbi.com
Thu Jun 13 19:22:28 PDT 2002


----- Original Message ----- From: "pms" <laflame at aaahawk.com>


> > http://economictimes.indiatimes.com/articleshow.asp?art_id=12852781
> >
> >
> What I wanna know is, with some real obvious currency rate adjustments going
> on among nations, what does it mean that China's becoming an economic
> power-house, yet their currency is not convertible? How does that figure
> into the corporate profit equation, etc?

===========

It means they have until 2006 [pretty sure that's the year the currency goes to market] to get their accounting in order with regards to GDP numbers, ex-im accounts and the like or the currency sharks in the South China Sea will rip into them bigtime.

Ian



More information about the lbo-talk mailing list