China’s decision to end its decade-old policy of pegging the Yuan to the dollar has been greeted in Latin America with enthusiasm and optimism. It is argued across the continent that a more flexible exchange rate for the Yuan will reduce China’s unfair advantage in international markets. This, we are told, will make Latin America’s exports of manufactured goods more competitive internationally.
China’s decision to end its decade-old policy of pegging the Yuan to the dollar has been greeted in Latin America with enthusiasm and optimism. It is argued across the continent that a more flexible exchange rate for the Yuan will reduce China’s unfair advantage in international markets. This, we are told, will make Latin America’s exports of manufactured goods more competitive internationally.