Stronger yuan no gift for US firms

Stronger yuan no gift for US firms
(chinadaily.com.cn)
Updated: 2010-04-22 17:19

Economists have gradually reached a consensus that the yuan's appreciation would neither rescue the American manufacturing sector nor destroy the Chinese one, said an article published in the Wall Street Journal on April 19.

According to the article, in theory, a stronger Chinese currency would make Chinese exports less attractive to American buyers, and make US exports more competitive, but "how it plays out in practice could be less straightforward."

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