China, Currency and Inflation: What's Going On?
In a NY Times blog post today, Paul Krugman outlines what seems to be great confusion on the part of the Chinese government regarding their economic policies.
While revaluing the yuan would help China's growing inflation problem, they are hesitant to do so because of how it would affect exports. So, they continue to cheat in the global market, but what they'll soon realize is that they are only hurting themselves.
Read Krugman's post here.
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