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?
3 comments:
Cry-babies... Question bête: cry-baby = "gourmand la-mine di-pain"?
Hah!
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?
@akagugo: sa mem sa!
@kranti: MEXA, JEC and other partners in crime.
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