March 11, 2010
Obama's China Currency Comment
"China moving to a more market-oriented exchange rate will make an essential contribution to that global rebalancing effort."
A move by Beijing to drastically create a more "market-oriented" exchange rate would mean reducing China's dollar holdings in favor of other currencies or gold. Is this ultimately what Washington really wants? It is also hard to argue that the exchange rate of the Yuan is that out of whack for US exporters when China is year after year the fastest growing market for US exports.
in what direction?
what dollar/yuan exchange rate would the proud mao want?
where is the sinomania expertise on this financial tsunami prediction?
i need to know cause i plan to buy an historic home in a remote town of china and retire.
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