Weak Chinese Currency Could Ruin US Economy

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Kollyvas
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Weak Chinese Currency Could Ruin US Economy

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http://english.pravda.ru/world/20/91/36 ... _yuan.html

Weak Chinese currency to ruin US economy with cheap imports from China
11/10/2005 13:45
The USA has repeatedly warned China of possible consequences in the event the latter decided to fix the yuan value

The question of strengthening the Chinese currency, yuan, has surfaced again on the threshold of George W. Bush's visit to China. The Chinese Central Bank announced the country's intention to return to the fixed yuan rate. The US administration has set out its concerns regarding the decision: President Bush said at a recent meeting with Asian journalists that the USA would like China to continue the revaluation of the national currency. The American leader said that he would like to address to China's leader Hu Jintato and say that the market determination of the yuan value would contribute to the favorable development of the global economic system. ...

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