BUSINESS CLASS: The China syndrome

Our travels this week take us from China to the US and back to China again, as we follow the international tit-for-tat over whether the cheap renminbi is the root of all economic evil.

China is back on the dart board of international business commentary this week, under fire from economists, politicians, The New York Times and various other global financial types, over Beijing's steadfast refusal to let the national currency, the renminbi, appreciate against the US dollar.

The problem, it is argued, is that an artificially cheap renminbi – aka the yuan – "increases Chinese exports at the expense of the rest of the world’s economies".

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