Weak Yuan

It is quite irresponsible on the part of China to keep Yuan weak and have an unfair advantage in the world market.

With a weak Yuan, China is able to sell its commodities at throw away prices in the international market. It is affecting the demand for local producers of the world economies. It is also affecting the exports of other developing countries, making them handicapped in the international market and having comparative advantage.

But this is what the powerful world economies have been doing when they are involved in their vested interest rather than the interests of the world economies.

Even the US which boast off itself a savior of world economies its Federal Reserve is planning to go for printing more money to monetize its growing debts. There have been the protests of this likely move of US all over the world. This move will increase money supply in its economy or it will decrease the value of dollar which will enable us producers to sell their goods in international market by at lower price and increase its exports. This is exactly the same which China has been doing for long. All the developed nations have to be responsible and set the standard for the developing and emerging economies to follow

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