ND Expert: Chinese Currency
Jeffrey Bergstrand, finance professor and international trade expert at the University of Notre Dame, gives an overview of China’s manipulation of its currency. Bergstrand says the Yuan exchange rate system plays a significant role in the large trade imbalance between the US and China. newsinfo.nd.edu
Does this mean we will see a much stronger chinese u-won (CNY)?
The chinese currency has been raising steady since aug 5th 2005 and before that the CNY seemed very level and steady