More Chinese Realize That Currency Policy Fuels Inflation
I have long maintained that China should let the yuan increase in value against the U.S. dollar-not primarily for America's or any other foreign country's sake. but for its own sake as the current policy of a semi-peg to a weak currency fuels high inflation.
According to this article,.this realization is spreading in China. So far however, it has not spread enough to bring on a sufficiently great policy change.
According to this article,.this realization is spreading in China. So far however, it has not spread enough to bring on a sufficiently great policy change.
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