Friday, October 14, 2011

The Yuan - Dollar dangerous game

Full Story: CNN October 13, 2011 -- Updated 0714 GMT (1514 HKT)

With the passage of the China Currency Bill by the USA, the mercury has started to rise between the relations of the two countries. China has warned that the measure could spark a trade war between the world's two largest economies."Should the proposed legislation be made into law, the result would be a trade war and that would be a lose-lose situation for both sides," said Vice Foreign Minister Cui Tiankai earlier this week."It would be detrimental to the development of economic ties and might have an adverse impact on bilateral relations."

Read full story for the technical issues and adjustment of value of Yuan against dollar.

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