Thursday, February 4, 2010

China Researcher Argues for 10% Yuan Gain

I thought this was an good article to contribute given the current tension in US-China relations. Given that the currency dispute has been a hot topic for some time for China, it is thus interesting it is an internal Chinese think tank that is arguing for an appreciation of 10% of the Yuan.
Keeping the currency artificially low undoubtedly has some positive implications for the Chinese economy, but in the long run, there are other considerations such sustaining growth for the long run that needs to be considered as well. I wonder how the Chinese government intends to ride this out.

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