Understanding the Chinese Yuan Revaluation and its Impact on Import/Export Business
Tanya Crossman
There has been a lot of discussion both online and offline regarding revaluation of the Chinese Yuan. Commentators have dissected the statements made and the implications to China, the US, and international business in general. There are scores of articles all over the web with a wide range of opinions on the topic.
We’ve listed here a few of the articles we’ve found most helpful for understanding what has actually happened and how it will affect Chinese exports.
Renaud’s post is a great place to start. It’s easy to follow without reading anything else about the situation and gives a simple breakdown of the likely effects for importers.
We liked this post on Chinese Negotiation, cutting through the mess of online opinions to give a little more clarity. Stan at China Hearsay wrote a lengthier and more personal take on the situation that is also worth a read.
China Real Time Report (of the Wall Street Journal) put together a series of articles looking at the revaluation through its potential impact on various industries. Their article regarding the impact on General Manufacturing was most applicable to us, but there are also articles that focus on Property, Banks, Technology, Energy, Consumer Goods and Autos, Transportation and Tourism and Commodities and Metals.
Finally, if you want to get right down to what was actually said, they also published a translation of the statement given by the People’s Bank of China on Sunday.
If you’ve come across other good articles on the Chinese Yuan revaluation, please share them with us in the comments section below.