View Full Version : China's yuan in conspiracy crossfire

5th November 2008, 08:07 PM
The book "Currency Wars", written by Chinese American financial analyst Song Hongbing speculates that China's currency is being targetted by the West in an effort to weaken her. Song uses many historical incidents to back up his claim of a conspiracy. His arguments are plausible but to extend his theory to claim that the present financial crisis is an attempt to attack China's wealth is a bit far-fetched.

China Business
Nov 6, 2008

China's yuan in conspiracy crossfire
By Wu Zhong, China Editor

HONG KONG - China, due to its semi-closed and less-developed financial system, is one of the countries least affected by the financial crisis devastating the free economic world. This enables the Chinese to stay largely aloof, taking a detached attitude in their observation and discussion of the crisis.

..... http://atimes.com/atimes/China_Business/JK06Cb01.html