Word: yuan
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...great country must have a strong currency.' NICOLAS SARKOZY, President of France, during a visit to Beijing to lobby Chinese leaders to let their country's currency, the yuan, appreciate. The relative weakness of the yuan against the euro and the dollar stymies European and American exports to China by making them more expensive...
...Linden-Retek, Karan Lodha, Matthew Ryan McFarlane, Taylor Mayly Owings, Aadhithi Padmanabhan, Allen James Pope, Tony Dahao Qian, Adam Emanuel Adatto Sandel, Meike Katharina Schallert, Samuel Conrad Scott, Mark Abraham Shepard, Yen-whei Shih, Melissa Yuwono Tjota, Catherine Lin Vaughan, Amanda Lee Willis, Yoshitaka Yamamoto, Crystal Yang, Andy Han Yuan, Elena Yudovina, Rocksheng Zhong
...argument, made vociferously by the White House, is that the current exchange rate artificially cheapens China's exports, to the detriment of American jobs and the U.S. trade deficit. The trade gap with China is more than $100 billion. Naim called the current rate of $1 to 8.3 yuan "the world's most dangerous number." At issue, he said, is whether it will change in an orderly manner "or suddenly, surprisingly, and unleashing a wave of instability...
...lane, leading up to Yinding Bridge, before enjoying some authentic Vietnamese cuisine at Nuage, tel: (86-10) 6401 9581. This restaurant club has a stunning view of the lake area and the nearby ancient Drum Tower, which was built in 1420 and used to signal the time during the Yuan, Ming and Qing dynasties. For after-dinner cocktails, the Alpha Omega Club, tel: (86-10) 6612 9898 is on the west bank of Shichahai and within walking distance of Nuage. A pop cover band plays on the first floor, a jazz band on the second, and there...
...trade balance between China and the United States. Her concern that taxing Chinese imports will hurt China’s economy and create a political precedent for protectionism in the world is probably accurate. However, the main reason we should not be worried about the undervalued yuan is that the major consequence– “allowing Chinese businesses to produce products... whose prices are lower than the prices of their American-made counterparts,” is in fact beneficial for the United States. Cheap imports are an incredible boon for Americans, a fact that is evident...