Word: yuan
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...problem is that after a decade of strong growth in China in particular, we now have an unbalanced system in which the dollar is overvalued against the Chinese yuan (among other emerging-market currencies). That has contributed to big U.S. trade deficits and, as China built up a huge stash of dollars it needed to put somewhere, to the credit bubble that precipitated the financial crisis. There's widespread agreement that this setup has to change but little agreement about how to change it. Which is a risky situation...
...suggestions from Obama that would result in a drastic shift of the economy away from exports and towards heavier reliance on domestic spending will be less welcome. The most sensitive of these issues may be China's currency regime. Obama will probably try to cajole Beijing into allowing the yuan to appreciate, thus making Chinese exports less competitive. But economists doubt China's leaders will take drastic steps to reform its currency system anytime soon...
These questions put Harvard students’ oft-wasted creativity to good use, Yuan says...
...Upperclassmen always say freshman year was the best for meeting people and the dating scene becomes a little nonexistent after that,” said Yuan, the host and executive producer of the show. “When people talk about their futures here, they talk about concentrations and jobs, never about finding a significant other...
...know Harvard people already over-analyze things, so having an episode with psych students could be really funny,” Yuan said...