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Thread: US-- Victims of Sharp RMB appreciation
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[quote=JIMMYB,247554]Americans have been used to buying cheap Chinese products, but recently they have noticed some unpleasant changes. In US, the average price index for Chinese imports has increased by 0.6 in June. "Most Americans will naturally attribute the price increase of Chinese imports to the price hikes in China. However, this is not the case. Many people fail to notice that the price increase of Chinese commodities is actually the result of the appreciation of the Chinese currency." Fu Yong, from the China Center For Economic Research of Fudan University, noted in Shanghai Securities News that the United States should prepare to pay the price as a result of inflationary pressure caused by the sharp renminbi appreciation. The appreaciation of RMB is good for US economy or bad? Is the appreciation a bad thing for China? What do you think?[/quote]
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