Friday, April 9, 2010

Beijing To Let Yuan Appreciate Mildly

That's what the Chinese authorities are expected to announce in the next few days. The move to a more flexible currency is being contemplated for at least two reasons: fighting inflation and making the average Chinese richer.

Won't this mean a less competitive China? Nope because the Middle Kingdom has secured other sources of competitiveness: better infrastructure.

Will our cry babies learn anything from this? Aren't you asking too much?


akagugo said...

Cry-babies... Question bête: cry-baby = "gourmand la-mine di-pain"?

Kranti said...

The cry babies, are they the MEXA people asking for a devaluation of the rupee? If yes, what more qualifications can be given to these beggars?

Sanjay Jagatsingh said...

@akagugo: sa mem sa!

@kranti: MEXA, JEC and other partners in crime.