1. Chinese Yuan
... 2003) This announcement reflects that Bush administration has recognising the complex economic inter-dependency between America and China. The appreciation of Renminbi will hurt both of American benefit and Chinese economy in many factors. Bush administration does not expect to get positive effect from appreciation of Renminbi with a high risk to get a larger negative influnce from it. Actually, Bush ... ills-from the prolonged recession in Japan to the problems of manufacturers in Europe and the US." (http://www.wsws.org/articles/2003/aug2003/yuan-a18.shtml ) They expect to get benefit...
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