Will China Allow Its Currency To Strengthen?... Simon Johnson explores China's currency & the perception that China's large US$ holdings give China political power over the US to prevent pressure on China to revalue (appreciate) its currency - "This view is incorrect and completely misunderstands the situation"... emphasizes it is in the interests of both countries for China to discontinue its massive currency intervention, considers how it can be done... http://www.huffingtonpost.com/simon-johnson/should-we-fear-china_b_476339.html (4*)
Saturday, February 27, 2010
Will China Allow Its Currency To Strengthen?... Simon Johnson explores China's currency & the perception that China's large US$ holdings give China political power over the US to prevent pressure on China to revalue (appreciate) its currency - "This view is incorrect and completely misunderstands the situation"... emphasizes it is in the interests of both countries for China to discontinue its massive currency intervention, considers how it can be done... http://www.huffingtonpost.com/simon-johnson/should-we-fear-china_b_476339.html (4*)
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