Should The US Really Desire A Strong Yuan
by admin on Nov.23, 2009, under Malaysia Finance
The yuan has basically rise by 20% over the last 12 months against the USD. Still, many have been calling for a dismantling of the yuan’s peg. The peg, they argue, offers China a competitive advantage by making its products cheaper in U.S. markets, thus allowing Chinese firms to gobble up market share and steal jobs from U.S. manufacturers. The thought is that were China to allow its currency to r……
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