Code JDMBA2b: Yuan Valuation Adjustment

Thursday, July 21, 2005

Yuan Valuation Adjustment

Today the Chinese government announced a change to the exchange rate of 8.11 yuan to the dollar from 8.277 yuan to the dollar where it has been fixed for many years. Here is my opinion on the news in terms of politics, international trade, outsourcing and Chinese ADRs:

Read more about this topic and much more on my new blog:

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