I often hear that American accuses Chinese government currency manipulation that causes their trade imbalance and job loss issue in the U.S. Then the Chinese accuses American (people and government) spending too much money and own a lot of debt to foreigners. In Chinese, it says "一個銅板不會響", which means that you cannot make noise with just one quarter and both sides should be blamed. I agree with that. However, who will eventually win? Well, I think American, RELATIVELY.
Wednesday, October 17, 2012
Money, Money, Money
(10/17/2012) Money is always a game changer in business. To be more exact, what I mean is that the currency exchange is a game change in international business. Is Chinese RMB (Renminbi) still manipulated at a very low level? That is one of crossfire topic last night in the presidential debate between Romney and Obama. This article provides you some evidence that RMB has been relatively appreciate its value in the last several year.
I often hear that American accuses Chinese government currency manipulation that causes their trade imbalance and job loss issue in the U.S. Then the Chinese accuses American (people and government) spending too much money and own a lot of debt to foreigners. In Chinese, it says "一個銅板不會響", which means that you cannot make noise with just one quarter and both sides should be blamed. I agree with that. However, who will eventually win? Well, I think American, RELATIVELY.
I often hear that American accuses Chinese government currency manipulation that causes their trade imbalance and job loss issue in the U.S. Then the Chinese accuses American (people and government) spending too much money and own a lot of debt to foreigners. In Chinese, it says "一個銅板不會響", which means that you cannot make noise with just one quarter and both sides should be blamed. I agree with that. However, who will eventually win? Well, I think American, RELATIVELY.
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