Under international pressure to revalue its currency, China has been accused of exporting unemployment to the world. However, China showed spectacular timing by announcing a week before the G20 meeting in Toronto that it will abandon the two-year-old peg that has kept the RMB tied to the dollar and allow the exchange rate to float within a very narrow band … Read More
Taming the iP Dragon
Taming the iP Dragon Taming the iP Dragon – Increasingly, international manufacturers are motivated to be in China due to the growing domestic demand of the Chinese marketplace. It is easy to see why when you consider that last year, Chinese consumers bought more auto-mobiles than Americans for the first time in history. Tim Lee, General Motors Shanghai-based president of … Read More