Higher Yuan Will Raise U.S. Interest Rates, And Won’t Offer Much Help to U.S. Manufacturing

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The higher value of the Chinese yuan that will result from de-coupling it from the U.S. dollar will make Chinese goods somewhat more expensive here, but it won’t make U.S.-made goods cheap enough in China to boost sales much. After all, China’s per capita income is roughly $1,260 per year. In addition, by buying more yen, euros, and other currencies—and fewer dollars—to keep the yuan in line going forward, the value of the dollar will fall and U.S. interest rates will rise. Where is the upside ... (more)

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Last update: 08/04/2005

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Higher Yuan Will Raise U.S. Interest Rates, And Won’t Offer Much Help to U.S. Manufacturing

decoupled.net: - iPods, MP3s, podcasting - IT Training - Credit, finance, mortgages - Prescriptions, medical news - Home improvements