ar81
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Obama welcomes China's move towards flexible yuan
For some time US has been asking yuan to raise.
I am not certain that this is what US wants.
Even if it raises, jobs would hardly return to US, for Americans may need to lose between 4/5 to 14/15 of buying power due to the variation to be competitive in the job market.
It may help to control inflation in China, but it will bring inflation to an already weak US economy. Journalists and politicians may celebrate this. But I am not sure that it may benefit American citizens.
For some time US has been asking yuan to raise.
I am not certain that this is what US wants.
Even if it raises, jobs would hardly return to US, for Americans may need to lose between 4/5 to 14/15 of buying power due to the variation to be competitive in the job market.
It may help to control inflation in China, but it will bring inflation to an already weak US economy. Journalists and politicians may celebrate this. But I am not sure that it may benefit American citizens.