Newsvine’s article G-7 Presses China on Yuan Flexibility discusses the conclusions made be a recent meeting of G-7. The G-7 group consisted of Britain, Canada, France, Germany, Italy, Japan, and the United States; and the major conclusion of their meeting was that China must lessen its control over its currency and allow for “market forces” to influence it value. As it stands now China is able to manipulate the value it currency, the Yuan, in a number of different ways, most notable of these methods is the purchasing of US dollars. G-7 feels that China’s continued practice is not good for global growth and that there must a balance of growth. It seems that whenever China makes a new trade agreement or is doing well there are always a group or a council or summit meeting that attempts to curve it gain or stop it altogether. From the articles that I have read it seems that China is growing into the world class superpower and the world, well the west, doesn’t want that to happen.

~ by palps88 on February 11, 2007.

One Response to “Complaints”

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