TITLE

Yuan small step

AUTHOR(S)
Steidtmann, Carl
PUB. DATE
September 2005
SOURCE
Progressive Grocer;9/1/2005, Vol. 84 Issue 12, p92
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article offers observations on the revaluation of the Chinese yuan in July 2005. The yuan is undervalued relative to the dollar. The downside of the Chinese peg for the U.S. economy has shown up in the manufacturing sector. Mass merchant retailers have been among the biggest beneficiaries of an undervalued yuan.
ACCESSION #
19901090

 

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