Stephen Greene
Stephen Greene
against banks create definitely dollars expect freedom given margin market price soon traded yuan
As soon as we have market makers, banks will be given freedom to price dollars against yuan. They would definitely create a market. We expect the margin in which the yuan is traded will widen.
convenient create friction might percent scare ten trade
One could say that 9.9 percent is a very convenient number; it's not 10 percent. Ten percent might scare people, and might create more trade friction with the U.S..
accounts capital carefully change china controls gradually lines reforming relaxing view
We do not view it as a change in policy. China is reforming its capital accounts - carefully and gradually relaxing controls on many of the 43 different lines of the capital account. We think this is the right way to do things.
both expect increases market matures price rapidly system trading volatility
As the market making system matures -- and we expect it to rapidly -- we expect to see significant increases in both price volatility and trading volume.
economy economy-and-economics fast growing growth looks thanks
As if China's economy was not growing fast enough, thanks to a statistical revision, growth in 2005 looks like being about 30 percent.
believe serious
We believe this is a serious U.S.-dollar negative.
control overall quality slow
Most of all, they'd like to control the overall quality of growth, not to slow it down.
chance offended stop
If they know we may be offended by a programme, they have the chance to stop it. But they just keep going.
earn genuinely people plenty
Plenty of people in this organization earn more than me. I genuinely don't care,
disaster filth potential public relations
potential public relations disaster of profiting from filth and blasphemy.
catalyst feeling government major performance reflected share
Now their performance won't just be evaluated by the government - it'll be reflected in the share price. And there's a feeling that this will be a major catalyst for change.
china couple decades growth korea maybe point situation south took
China is at a point in growth where South Korea was in maybe the mid-to-late 1960s. It took Korea another couple of decades before it got to a situation where it was a much more consumer-reliant economy.
both personal process putting related similar
I find both very similar .... The differences are more related to the process of actually putting them in (a patient), and that's a personal preference.
brazil chosen espn hide means mighty san tight
Why have ESPN in Brazil chosen to show the mighty San Marino take on Spain? ... Do they think it will be a tight game? At least it means I can hide in here away from my mother-in-law.