Thursday, September 30, 2010
Sunday, September 26, 2010
Chinese Currency Policy
China's currency is a "real problem" President Barack Obama said last week before meeting with a top Chinese official in New York.
Is it a real problem? Actually, the Chinese currency has kept a increase trend in the past few years. And just reached history highest point last week. Well, it sure benefit the Chinese students who are studying in US just like me, but all Chinese export factories are now facing huge problems and some of them have bankrupted, Chinese government are making great efforts to save those factories and the unemployeed people who used to work in those companies.
However, US government still claim that Yuan is under valued. In my point of view, the Chinese currency has increase more than 20% in the past few years, but US economy situation did not have a dramatic improvement, can we suggest that the US economy does not related to Chinese currency policy? or at least does not related as much as President Obama has claimed?
US government said the "talking time" has past, they are going to use much stronger political and economic weapons to force China change the currency policy.
Let us see what will happen in the future.
Is it a real problem? Actually, the Chinese currency has kept a increase trend in the past few years. And just reached history highest point last week. Well, it sure benefit the Chinese students who are studying in US just like me, but all Chinese export factories are now facing huge problems and some of them have bankrupted, Chinese government are making great efforts to save those factories and the unemployeed people who used to work in those companies.
However, US government still claim that Yuan is under valued. In my point of view, the Chinese currency has increase more than 20% in the past few years, but US economy situation did not have a dramatic improvement, can we suggest that the US economy does not related to Chinese currency policy? or at least does not related as much as President Obama has claimed?
US government said the "talking time" has past, they are going to use much stronger political and economic weapons to force China change the currency policy.
Let us see what will happen in the future.
Saturday, September 11, 2010
For the very beginning
Hi,everyone! I'm Ryan, and be honest, I hate blog, cuz I almost have nothing to share : (
But anyway, Hope to see you all here, I will try my best to put up what I am going through. : )
Best Wishes!
But anyway, Hope to see you all here, I will try my best to put up what I am going through. : )
Best Wishes!
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