The Political Conflict Behind the Revaluation of Chinese Yuan – The Epoch Times

yuan rate.jpg From The Epoch Times:

China and the United States started to conflict over the Chinese yuan revaluation before China’s leader Hu Jintao visited the United States. After Hu’s visit, the Chinese communist regime soon announced that it would be “accelerating the adjustment of the RMB exchange rate and speeding the appreciation of RMB.”

It may seem strange that China and the United States are quarreling over the issue of the exchange rate, for people think this is an economic issue. But actually, it is a political issue. [Full Text]


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