Michael Perelman wrote: > Three great intellectuals, senators Schumer, Graham, and Coeburn, > are threatening the > Chinese to raise the value of their currency or else .... > > Such posturing seems to have no possible economic benefit. It > might manage to move some > sweatshops to Burma or Vietnam
China dominates the US and other developed country markets. Equal and fair access to the US market for all developing countries ought to be encouraged. If China has a fixed exchange rate unlike other developing countries, China's exports enjoy an advantage over other developing countries. Ulhas
