Sunday, April 11, 2010
Geithner visits China as currency plan appears to take shape
this article talks about how china is planning to let their currency to gain value b 3 percent this year. this action is a direct response to economic analysts claiming that china currency is too under valued. the article also talks about how this will make chinese exports cheaper to the world markets and that the only problem now is preventing speculators from profiting on the planned appreciation.
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I think that appreciating the Chinese currency would would facilitate imports and it would make exporting Chinese goods harder. This could result in a deficit in the long run if the appreciation isn't kept under control.
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