Detail The Cheapest Thing is Gone; The Yuan   Oleh:  [s.n] Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 407 no. 8840 (Jun. 2013), page 29-30. Topik: International Finance; Currencies; Economic Conditions Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Ten years ago, the yuan made its debut as a global economic bugbear. In June 2003, America's then treasury secretary, John Snow, publicly encouraged China to loosen a policy under which its currency was pegged at 8.28 to the dollar. The next month four senators wrote an angry letter urging Mr Snow to investigate China for currency manipulation. The country was intentionally undervaluing its currency, argued Charles Schumer, a Democratic senator for New York. The result is that everything they sell to other countries is the cheapest thing going. A decade later, Mr Schumer and other senators are still bashing the yuan: eight of them re-introduced a bill last week that would slap duties on currency manipulators. But much else has changed. Now allowed to float by 1% a day on either side of a reference rate set each morning by the central bank, the yuan closed trading on May 27th at 6.12 to the dollar, 35% stronger than its June 2003 rate. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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