XIAM007

Making Unique Observations in a Very Cluttered World

Friday 10 July 2009

The yuan lies in waiting

Reading -http://www.atimes.com/atime... The yuan lies in waiting

BEIJING - Pundits in China are scratching their heads over the future of their currency, the yuan, which has been brought to the fore by the present financial crisis. Their thinking has recently become urgent, compared with previous perceptions that the yuan could be kept not fully convertible - and thus shielded from foreign interference - for many years.

Certainly, there will be no problem if the US economy recovers soon and the dollar makes a robust comeback as the world currency. In that case, the yuan can continue to piggyback on the dollar, or with the exchange rate slowly and steadily crawling upward according to the necessities of trade.

continue reading - http://www.atimes.com/atime...

No comments:

Post a Comment