Yuan appreciation

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Yuan appreciation

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7 posts

7 posts

Yuan appreciation#34946

By whl626 - 19 Oct 2003 03:37

- 19 Oct 2003 03:37 #34946

Do you think Bush can successfully press the Chinese leader to appreciate its Yuan value in the APEC meeting ?

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#35006

By Efrem Da King - 19 Oct 2003 04:47

- 19 Oct 2003 04:47 #35006

I don't have a clue as to what you are talking about, could you please post a source?

#36759

By whl626 - 23 Oct 2003 15:27

- 23 Oct 2003 15:27 #36759

Yuan is the currency in China

. Bush is eager to find scapegoat for his economic policy. Putting the blame on China about their currency peg with the greenback. He tried to pressure Hu of China at the APEC meeting but Hu didn't seem to budge at his condemnation.

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#36862

By Efrem Da King - 23 Oct 2003 22:46

- 23 Oct 2003 22:46 #36862

Yup I knew what a yuan was, that helps so lets see, bush is trying to make the chinese do something that will help his economy?

Re: Yuan appreciation#36884

By Nox - 23 Oct 2003 23:42

- 23 Oct 2003 23:42 #36884

whl626 wrote:Do you think Bush can successfully press the Chinese leader to appreciate its Yuan value in the APEC meeting ?

In a word ... NO.

That would be economic suicide for the Chinese. It is akin to asking the EU to up the value of the Euro. Just ain't gonna happen ... but that doesn't mean that President Bush won't try. It just means he won't be successful.

Nox

#36911

By whl626 - 24 Oct 2003 01:51

- 24 Oct 2003 01:51 #36911

It is an uphill task for him since not many countries are on his side but only a fraction of local manufacturers which are bearing the brunt of foreign competition.

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Re: Yuan appreciation#47199

By unbalanced zealot - 21 Nov 2003 08:30

- 21 Nov 2003 08:30 #47199

Nox wrote:
In a word ... NO.

That would be economic suicide for the Chinese. It is akin to asking the EU to up the value of the Euro. Just ain't gonna happen ... but that doesn't mean that President Bush won't try. It just means he won't be successful.

Nox

On this I agree 100% [i

Definate NO. Even tho the Chinese will trot out a lot
of rhetoric about looking into it - I don't think they'll
even compromise with incremental adjustments anytime
in the immediate future.