China should quit haggling over keeping Yuan a fixed rate currency at a deeply discounted rate. Yuan should be a free floating currency like all others. All its neighbors- Japan, Taiwan, Thailand, India, Russia, Australia, Europe etc have floating currencies and they are all hurt by industries being killed by Chinese exports to those countries. Another thing is ? thanks to Tibet, China is today the largest producer of GOLD in the world. Its production exceeds South Africa?s. As we all know, in the last few years the price of Gold has quadrupled. China doesn?t need the added benefit of a low exchange rate. Hit the delete button on free trade privileges of China promptly!
Read more: india vs south africa.
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