All Entries Tagged With: "yuan"
Yuan Down Late On Dollar Strength
As key Chinese economist cautioned that appreciation of local currency will drive exporters out of business, China’s yuan slid lower against the U.S. dollar late Friday afternoon due to the U.S. unit’s strength against other major currencies during Asian trading hours.
Comments by Chinese bankers today underscores the domestic political pressures on Beijing amid growing international calls for China [...]
China Seeks Bigger Share in World Exports
Exports of 30 million shirts help Chineses economy more than exporting one Boeng 747. This was in reference to a debate over support China should offer to labor intensive export industries versus how much it should move up the value chain. Exporting 30 million shirts creates jobs for approximately 10,000 people by which their families and 30,000 will have a comfortable life.