Much ado about nothing. If and when China does revalue the yuan, does it really do anything to help the US deficit? Will it truly effect positive economic and industrial change in the US? No, to both questions.
Buying Chinese-produced goods will still be cheaper when the yuan is revalued 10% up. What about 20%? No impact to shopping demand. As long as the average monthly salary in China is $250/month, no revaluation of the yuan will do anything to help the US deficit. I don't think anything will happen until the US dollar and the Chinese yuan reach parity.
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