The currency seems to have a negative effect… There are two sides to every story, even for US-China foreign trade. Ever since China emerged to the world economy as a major manufacturing […]
By devaluating the renmimbi, China unveils its fears of losing manufacturing jobs.
Operating a fixed exchange rate system has only a little time advantage. China’s effort to devaluate the renmimbi is buying time for Chinese government officials, only to figure out what to do […]