Tag Archives: revaluation
Chinese Currency Revaluation (货币升值) Posted by Stephen on Aug 22, 2011
After much anticipation and coupled with foreign and domestic pressure (not to mention the US Debt ceiling fiasco), China is finally poised to begin allowing a “gradual” appreciation of its currency against the U.S. dollar. Currency revaluation or 货币升值 (huòbìshēngzhí), has been a key issue for China and the rest of the world, as China…