Well China has unpegged it's Yuan to Dollar. And this news caused Yuan to surge. Is this good news or bad? It seems good news to every country as it means China now has the appetite to be one of the largest importer. It might be not so good to China in longer time period. As the biggest exporter to the world, rising yuan may hurt its export business. Right now it's a big talk about expecting more expensive import goods from China such as food and consumer products. Rising yuan leading to inflation?
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