by Marielena Montesino de Stuart
A Special Financial Report
China is now the world’s largest exporter and the second largest economy. Its currency is as stiff as chopsticks these days. There just isn’t much flexibility– and this is cause for concern. China’s currency remains undervalued, although since last summer there has been some increased flexibility, vis-à-vis the dollar.
To remain competitive, many in China’s messy financial neighborhood have also undervalued their currencies– a bad move which is also messing up our own neighborhood. This has created a royal mess for the fundamental role of the exchange rate, in shifting the pattern of global supply and demand…
If the above is too much for you, here is a simpler explanation:
TOPICS FOR DISCUSSION:
China’s Economy+ Communist China + Does China Own the US Economy? + Socialism + Communism + The US Dollar + The US Economy + The Yuan + The World of Politics.
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RenewAmerica, USAToday, U.S. Politics Today (EIN News Service for Political Professionals) Poynter Online, Spero News, The New Liturgical Movement-Poland, The Naples Daily News, Les Femmes-The Truth, Culture War Notes, ProLife Blogs, The Wanderer, etc.
© Marielena Montesino de Stuart
To contact Marielena Montesino de Stuart, please write to: ContactTRCW@aol.com