Senin, 16 Agustus 2010

the renmibi, i.e yuan

interesting insights about the appreciation and depreciation of yuan against US dollars and its impact towards global economy.

in reference to:

"For China, a stronger renminbi will increase the buying power of its consumers and could make gasoline and other imported commodities seem less expensive. Faced with spreading labor unrest, particularly in the auto industry, the government has started to make an energetic effort to improve the standard of living of industrial workers."
- Yuan News - The New York Times (view on Google Sidewiki)

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