Monday, June 21, 2010
Newsy: China to revalue its currency
June 21, 2010--China says it will allow the Yuan more flexibility against the dollar, allowing gradual changes in the currency.
The US has wanted China to revalue its currency for a long time.
China is also experiencing labor unrest and strikes which will also drive up the prices of Chinese goods.
The right wing likes to criticize the bad labor conditions in China but many of the corporations in China are US owned.
Sources: NHK (Japan) SmarTrend Russia Today Al Jazeera CNBC Bloomberg
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