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Allowing the yuan to rise would hurt, not help, global economic recovery, and threaten China's...

Allowing the yuan to rise would hurt, not help, global economic recovery, and threaten China's financial health, a Chinese state think-tank says. The essay adds to a recent chorus of Beijing rhetoric rejecting expectations that the government will loosen its policy leash on the yuan any time soon. (ETF: CYB)
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Comments (3)
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    "Chinese state think-tank?"
    7 Dec 2009, 10:15 AM Reply Like
  • Niner
    , contributor
    Comments (791) | Send Message
     
    A recent Niner Think Tank concluded that a reduction in Niner's retirement income would be detrimental to his retirement economy.!

     

    Did anyone really think that they might come up with a different conclusion? I think they still execute people over there that don't arrive at the proper conclusions. A point all of us who have ever ripped our government and are still alive to do it again should remember! I don't agree with some of the opinions on here; but, I do agree that the authors of those opinions have every right to do so.
    7 Dec 2009, 10:24 AM Reply Like
  • Tack
    , contributor
    Comments (13562) | Send Message
     
    When the U.S. is a large net importer from China, and China holds huge dollar reserves, how could it possibly benefit either nation to have the dollar decline versus the Yuan? It's never in the interest of any state holding the mantle of "reserve currency" to have its value depreciated.

     

    The theory of a weaker dollar aiding the U.S. trade deficit has been put to the test for decades and has been proven invalid over and over again. The only thing to which it contributes is higher domestic inflation.

     

    What's that definition of insanity: doing the same thing over and over again and expecting different results?
    7 Dec 2009, 10:26 AM Reply Like
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