This won't cure a huge trade deficit
http://www.guardian.co.uk/china/story/0,7369,1534026,00.html
Ashley Seager
Friday July 22, 2005
The Guardian
China's long-awaited but small revaluation of its currency probably
heralds the start of a series of revaluations but on its own will make
little difference to the huge American trade deficit.
Washington, which has been putting intense pressure on the Chinese
authorities to revalue the yuan, called the revaluation "encouraging",
but it was not clear if the 2.1% upward move in the yuan's value
against the dollar, combined with the scrapping of the traditional peg
to the dollar, would be sufficient to persuade the US to call off its
threatened trade sanctions against China.
Ashley Seager
http://groups-beta.google.com/group/alt.atheism/msg/b5f1a0b5a46900a8
Dollar
http://groups-beta.google.com/group/alt.atheism/msg/0d691de2efb0ce0c
Renminbi
http://groups-beta.google.com/group/alt.atheism/msg/05a8caa5e0df44d6
China
http://groups-beta.google.com/group/alt.atheism/msg/d3294ecc38a6a57d
China / Meiguo
http://groups-beta.google.com/group/alt.atheism/msg/772524fe8bf033d4
Is the wakening giant a monster?
http://tinyurl.com/iws6
A Blueprint for the Future
http://groups-beta.google.com/group/alt.atheism/msg/59c28cd6dfe6f60f
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