Tuesday, March 09, 2010

No Yuan appreciations anytime soon - Shaun Rein

Shaun2Shaun Rein by Fantake via Flickr
Wishful thinking has led many analysts to call for an appreciation of China's currency, the Renminbi or Yuan. Shaun Rein goes against that trend and says that an appreciation soon would hurt the recovering export industry too much and might cost up to 5 million jobs, he tells Bloomberg.

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Shaun Rein is a speaker at the China Speakers Bureau. When you need him at your conference, do get in touch.


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