Many expected China to allow RMB to rise around the meeting of Hu and
Obama. It didn't happen. And what made U.S. tone down the pressure on
China? Other than China yielding on the Iran nuclear issue, Geither has
probably reached a deal in Bejing to have China buy more U.S. treasury.
Maybe that's why U.S. put pressure on China in the first place as China
was buying less U.S. treasuries as the last TIC data shows.
Hang Seng Index is weak relative to U.S. and China stock market for the
past two day
