SNB & CHF

How 40% Renmimbi appreciation vs Yen Caused Deflationary Commodity Price Shock for World Economy

George Dorgan — Thu, 23 May 2013 12:48:14 +0000

Everybody is wondering why China is currently so weak, with a HSBC manufacturing in contractionary territory. No wonder, the main competitor in electronics and many more products,the Japanese yen has appreciated by nearly 40%. While China has to fight years-long appreciation of wages, the Japanese profit on years-long deflation and cheaper costs. At the …

SNB & CHF

How 40% Renmimbi appreciation vs Yen Caused Deflationary Commodity Price Shock for World Economy

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