Posted by & filed under Economic Analysis, Governments & Regulators.

Description:  China could allow its currency to begin appreciating against the U.S. dollar within the next month, as Beijing responds to growing pressure from Washington to allow its currency to trade more freely, according to analysts.

Source: Marketwatch.com
 
Date: 03/12/2010

Link: http://www.marketwatch.com/story/china-may-let-yuan-rise-next-month-2010-03-12?siteid=nwtwk

Questions for discussion:

  • Summarize the reasons one can expect a rise in the yuan.
  • What do you believe will happen?
  • Will this be good or bad news for the global economy?

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