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2010-05-24

What to say when Chinese currency is now strong?

Comments on Karen Maley “America's tougher line on China”, 24/05/2010, http://www.businessspectator.com.au/bs.nsf/Article/China-US-trade-policy-US-Dollar-pd20100524-5QSXX?OpenDocument&src=sph

It might be acceptable for the US and many commentators to argue that the Chinese currency is too weak and needs to be rise to resolve international imbalance when the $US is also weak.

But now the $US is strong. So is the Chinese currency accordingly just as what occurred during the 1997 Asian financial crisis, isn't it?

What would those commentators say now?

One is sure that they will have something to say even if to invent something completely new, whatever it is, because they are what they always do.

And, they are very good at it and nothing will be difficult for them.

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