Quote Originally Posted by boybi View Post
One of the reasons for this trade war between the US and China is the latter's refusal to allow its currency to be dictated by market demands. Like Malaysia and HK, the renmenbi is pegged or have a fixed exchange rate against the US dollar.
not true anymore....late last year they changed their policy already, from 1$=8.26rmb for more than 10years, it is now floating, as of now itis 7.55rmb=1$, and still appreciating...although it can't be denied that the US is now exerting its power over china to get what it wants, the US is still the market with the largest purchasing power...