Yuan’s Fall Annoys the Neighbors

October 29, 2009 at 8:00 am

HONG KONG — As the dollar continues to weaken, concerns are mounting in much of Asia over another descending currency: the Chinese yuan.

For more than a year, China has kept the yuan largely unchanged against the dollar. So, like the dollar, the yuan has been falling steadily against the currencies of China’s neighbors, including the Malaysian ringgit, the Indonesian rupiah and the South Korean won. That makes goods produced in those countries more expensive compared with China’s.(By ALEX FRANGOS, The Wall Street Journal, OCTOBER 26, 2009)

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Entry filed under: Asia, Business Development, Business Environment, China, Global Business, Hong Kong, Imports/Exports, NKITA.

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Travel with the Northern Kentucky Chamber in 2012

Peru - August 12-20, 2012
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