Stronger Chinese Yuan May Hurt US Consumers – Reuters

From Reuters:

Pushing China into allowing a faster appreciation of the yuan has consequences for Americans looking for cheaper products and low interest rates even as it helps U.S. companies compete globally and protects local jobs.

Backers of a stronger Chinese currency against the dollar argue it will improve the U.S. balance of trade with China and help U.S. manufacturers compete globally and locally….[Full Text]

July 7, 2007 4:56 AM
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Categories: Economy