why do our politicians want them to revalue their currency? isn’t the point of trading with and partnering with the chinese the fact that they have absolute control of their economy and labor? that that control is what provides the low cost products, the low “inflation”, etc?
looks more like some “investors” are pushing ulterior motives.
if they did sell off dollars causing a dollar “crash”, would they maintain their exchange rates? if they didn’t, it’d be a retro active revaluation anyway, at least in terms of dollars. if they did, then a yuan devaluation… what would that do? make them even more attractive to other countries, euro union, etc?
