Thread: 'Direct' U.S.-China Talk on Yuan Reported

More anecdotal evidence for a VND RV. Be sure to notice the article's internal link to Paulson's remarks.

'Direct' U.S.-China talk on yuan reported

Senior White House official declines to say whether exchange led to actions.

May 22 2007: 7:22 PM EDT

WASHINGTON (Reuters) -- U.S. and Chinese officials had a "direct exchange of views" on the valuation of the yuan currency on Tuesday, with the U.S. side saying China still needed to allow the yuan to appreciate more rapidly, a senior Bush administration official said.

http://money.cnn.com/2007/05/22/news...reut/index.htm


Again, this is important because of this article:

Vietnam the Second Thailand
According to Peter Soh, Foreign Exchange Director in Singapore under DBS group, the biggest bank in Southeast Asia, all believe that Vietnam will follow the path China has gone, and that the VND will increase in value.

http://farang.pai-nai.com/article.ph...econd-Thailand

Does anyone have any idea WHEN?

Originally Posted by Sudden Impact

Does anyone have any idea WHEN?

Exactly! If we only knew when and how much.

Originally Posted by livefree

Exactly! If we only knew when and how much.

Originally Posted by Sudden Impact

Does anyone have any idea WHEN?

That seems to be the most secretly guarded information at this point. All we have is their progress, IMHO it will come on or about the time that the dinar hits. For how much...that's anyone's guess. I am personally hoping for .10, but anything higher than that you won't have me complaining.

U.S., China emerge from talks with smiles
By Greg Robb, MarketWatch
Last Update: 12:13 PM ET May 23, 2007

WASHINGTON (MarketWatch) -- Two days of closed-door talks between the United States and China on economic issues have yielded "tangible results," Treasury Secretary Henry Paulson said Wednesday.
His counterpart, Chinese Vice Premier Wu Yi, said the talks between the two economic superpowers were a "complete success."
Paulson said the dialogue with China will continue in a cooperative spirit.
'Vice Premier Wu and I see an important part of our job is to communicate frequently, iron out differences, and keep the economic relationship on an even keel, even during times of tension.'
— Treasury Secretary Hank Paulson
"Vice Premier Wu and I see an important part of our job is to communicate frequently, iron out differences, and keep the economic relationship on an even keel, even during times of tension," Paulson said in his closing remarks.
Wu said that the U.S. and China are "closely linked and interdependent" and that managing the relationship takes creativity, insight, courage and capability, "without easy resort to threats and sanctions."
Paulson said the two countries reached concrete agreements on a number of issues in the financial, energy and aviation sectors. He pointed to agreements that will open up China's domestic markets for U.S. exports and investment.
China also agreed to strengthen its enforcement of intellectual-property rights, the U.S. government said. In her remarks, Wu bristled over Washington's decision to file complaints before the World Trade Organization that accuse China of copyright piracy
Wu also noted an agreement on a transfer of pollution-control technologies.
Among the specific agreements touted by Washington:

* An expanded aviation agreement, doubling daily passenger flights between the countries by 2012, and the "virtually unfettered access" to the Chinese markets by U.S. air-freight companies by 2011.
* Further opening China's financial-services markets, including expanded access to joint-ventures. Foreign banks would be allowed to offer renminbi-denominated credit and debit cards.
* Expanded loan guarantees for U.S. exports.
* Increased cooperation in energy and the environment. The United States and China will work together on up to 15 demonstration projects for capturing methane at coal mines, and will develop so-called clean-coal technologies.
End of Story

Greg Robb is a senior reporter for MarketWatch in Washington.

So whenis the rv? and at what rate?it has got to happen

From the other forum, I've seen the first week of June postulated as a possible time frame as a result of the BoA incident (VND appearing then disappearing on their website) and the article posted below.

No idea as to how much.

June 4: HSTC to apply real-time order matching scheme
(22/05/2007 14:53) VietNamNet Bridge – The HCM City Securities Trading Centre (HSTC) will apply the real-time order matching scheme as of June 4, 2007, according to Tran Dac Sinh, HSTC Director.

Mr Sinh said that the real-time order matching, applied since May 18 on a trial basis, has been going smoothly, which paves the way for the official application of the scheme, slated for early June.

..... WELCOME TO MOF WEBSITE .....

[QUOTE=Mr. A;204099]From the other forum, I've seen the first week of June postulated as a possible time frame as a result of the BoA incident (VND appearing then disappearing on their website) and the article posted below.

No idea as to how much.

Mr Sinh said that the real-time order matching, applied since May 18 on a trial basis, has been going smoothly, which paves the way for the official application of the scheme, slated for early June.

Not to sound dumb, but what is real-time order matching?

Originally Posted by Mr. A

From the other forum, I've seen the first week of June postulated as a possible time frame as a result of the BoA incident (VND appearing then disappearing on their website) and the article posted below.

No idea as to how much.

Originally Posted by Countrygirl70

Mr Sinh said that the real-time order matching, applied since May 18 on a trial basis, has been going smoothly, which paves the way for the official application of the scheme, slated for early June.

Not to sound dumb, but what is real-time order matching?

For the VND, I am hearing Tiawanas rate of .2 to .6 Just Hearing this...

Originally Posted by Countrygirl70

Not to sound dumb, but what is real-time order matching?

I'm afraid that I can't give you a textbook answer, but the name says it all. I'm also afraid that I can't quite determine what types of transactions that it applies to, but those who seemed to know, but didn't explain, deem it important.