Has the Yuan’s value changed?
Has the Yuan finally reached its real value? There has been a lot of heated discourse over the last few years mainly from the USA – on the value of the Yuan. Washington has openly accused China of tampering with its international business and trade with over countries on this basis – see China Post. Have things finally changed? Will the cost of import products from China be viewed more favorably in Washington?
In fact this very topic was to be on top of the agenda before the fiasco with blind activist hit the headlines over the last week. I still can’t believe that actions of one guy could derail a working relationship between the USA and China. When did the USA forget “the needs of many out weigh the needs of the few”. I would hate to think there would be negative business repercussions from a guy that’s not even an American. What do you think?
Okay my mini rant is done, back to the story. So what’s really happening with the Yuan just now? How about the trade surplus, is the USA and other countries gaining ground? The Economist follows the debate in its article “fair play or foul”.
As always your comments are welcome.
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