BEIJING: All eyes this week were focused on President Clinton’s summit meeting with President Jiang Zemin. Although disagreements between the two men over human rights aroused the most notice, a deep, surprising harmony about Asia’s financial crisis was also on view for those who cared to look. For while every currency in East and Southeast Asia was devalued recently (some more than once), China’s currency, the RMB, remains steadfast. Indeed, as Japan’s economy flounders, America -- like most of the world -- praises China’s emergence as a force for stability in the chaos of Asia’s regional economy.
BEIJING: All eyes this week were focused on President Clinton’s summit meeting with President Jiang Zemin. Although disagreements between the two men over human rights aroused the most notice, a deep, surprising harmony about Asia’s financial crisis was also on view for those who cared to look. For while every currency in East and Southeast Asia was devalued recently (some more than once), China’s currency, the RMB, remains steadfast. Indeed, as Japan’s economy flounders, America -- like most of the world -- praises China’s emergence as a force for stability in the chaos of Asia’s regional economy.