Category: Currency Currents
- Published: 15 April 2010
- Written by Editor
A new twist on The China Syndrome
First, "Do not let the yuan's exchange rate issue become the scapegoat of U.S. domestic economic problems, including their unemployment," said a Chinese Ministry of Commerce spokesperson.
Sounds like a common political strategy to me: if you can’t defend your reasons for doing something (specifically the consequences of such actions), then just go on the offensive and deflect.