Chinese Yuan Appreciation: The Winners & Losers
Chinese Yuan Appreciation: The Winners & Losers By Don Miller on June 22, 2010 | More Posts By Don Miller | Author’s Website China’s plan to let the yuan appreciate against the U.S. dollar is likely to hit U.S. shoppers in the pocketbook, while also making the stocks of companies with goods aimed at Chinese consumers more attractive.But because of wage pressures, the effects of China’s move to introduce more flexibility to its currency policy won’t fundamentally change its inflation problems, [...]