China is going to wreck the entire global economy just so they can temporarily have a competitive advantage on their manufacturing sector. They should let their currency float to allow the trade balance to stabilize. If the U.S. defaults on its debt, can you imagine the impact this will have on the global economy? Look at the global repercussions that were felt from Greece? I am surprised other countries are not putting more pressure on China to let their currency float. War is next up.
Many here in USA like Chinese yuan as it is. China should have not make its yuan flexible. We want yuan cheaper so we can buy cheaper products from China.
China is going to wreck the entire global economy just so they can temporarily have a competitive advantage on their manufacturing sector. They should let their currency float to allow the trade balance to stabilize. If the U.S. defaults on its debt, can you imagine the impact this will have on the global economy? Look at the global repercussions that were felt from Greece? I am surprised other countries are not putting more pressure on China to let their currency float. War is next up.
Bluetobaccoburst 1 year ago
Many here in USA like Chinese yuan as it is. China should have not make its yuan flexible. We want yuan cheaper so we can buy cheaper products from China.
TheIxtlan 1 year ago
Who cares.
RedPhroggz 1 year ago
@RedPhroggz Anyone who knows anything about world politics and/or economics.
Foreverclever87 1 year ago
That is a good decision.
abarzilai664 1 year ago