Currency capers: Where next for the RMB?
HOME > PAST ISSUE > COVER STORY [Premium content]January 2008
It is difficult to know where the politics stops and the policy begins with regard to China’s currency. A US election is brewing and this could see a rise in anti-China rhetoric – the country is said to keep the renminbi at an artificially low rate against the US dollar in order to ensure its exports are competitively priced – as candidates woo voters who by then may be facing an economic slowdown.
However, going on past history, there is no guarantee that US complaints ...
However, going on past history, there is no guarantee that US complaints ...
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