Showing posts with label Monetary Authority of Singapore. Show all posts
Showing posts with label Monetary Authority of Singapore. Show all posts

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?