Tuesday, December 29, 2009

Revaluation Renminbi not smart - Shaun Rein

Shaun2Shaun Rein by Fantake via Flickr
Should China revaluate its currency or not? No, says business analyst Shaun Rein in a publication of the International Institute for Trade in India. American business would be better off without at this stage with a firmer Renminbi:
Shaun Rein, founder and managing director of the China Market Research Group, a strategic market intelligence firm, mentioned that revaluing the Yuan right now will "jeopardize the world's fledgling economic recovery". Rein argued, "It is better for American businesses for China to maintain current Yuan rates until the worldwide recovery is on a firmer footing."
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Shaun Rein is a speaker at the China Speakers Bureau. When you need him at your conference or other meetings, do get in touch.
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