Lately, China is under pressure because it controls the exchange rate of the Yuan.
According to the IMF, the world economy would partly get rebalanced if China changes its financial policy. China, on the other hand, doesn’t want the value of the Yuan to increase too quickly in fear of job losses. Taking that in account, the country modifies its strategy so that the value of the Yuan will rise, but only gradually.
According to the IMF, the world economy would partly get rebalanced if China changes its financial policy. China, on the other hand, doesn’t want the value of the Yuan to increase too quickly in fear of job losses.
Sarah Boone
http://screencast.com/t/UTk3QAibt0s
BeantwoordenVerwijderen