“Economists, Business Leaders Want Yuan to Appreciate”
“Chinese economists and business leaders have begun to call openly for their government to allow the yuan to appreciate against the dollar, in a sign that the issue is contentious here, too, and not just a problem between the United States and China.
President Obama has urged China to let the value of the yuan rise against the dollar as part of a plan to boost American exports and lower the trade deficit. U.S. economists have argued that the yuan is undervalued, and a group of senators led by Charles E. Schumer (D-N.Y.) is threatening to push legislation that would place tariffs on Chinese goods if China does not allow its currency to float more freely.” Read more.
John Pomfret
The Washington Post, March 27, 2010.
