Par Prof. Thomas Velk le 22 juillet 2010
On June 19th China’s central bank, called The People’s Bank of China, announced that it will “increase the renminbi’s “exchange-rate flexibility”, meaning that the U.S. dollar cost of buying Chinese money (also termed “Yuan”) might go up. And so everything that the West buys from China, ranging from computer parts, TVs, heavy machinery and plastic toys to edamame (the Chinese supplied “Japanese” soy beans you eat in Asian restaurants) and London Cabs (the firm is owned by China’s Geeley company) may cost a bit more.
