Why China Won't Change Currency Policy
Basically our government is shooting itself in the foot when it comes to Chinese currency policy. By digging in the way they have, they've given China little choice but to continue doing exactly what it's doing -- regardless of what's better for China's economy.
Why? As a burgeoning economic power, do you think China really wants to be seen as bowing to bully pressure from the U.S.? What we need to do is give China space to come to the decision on its own and applaud that decision afterwards. By taking such a staunch, public stance we're only fueling a pride-fueled stand-off.
Thoughts? Agree? Disagree?