No Winners in Currency War
2010-12-31 00:00:00LiuYi
China Textile 2010年11期
As the global economy isrecovering in a unpredictableroad， some other threats exist inthe possibility of a currency war，resulting in more pressure for China.
The latest depreciation racestarted after quantitative easinginitiated by the United Sates andwas followed by the EU and Japan.Their aim was to spur their gloomyeconomies by devaluing theircurrencies to make their exportsmore competitive as the effects offiscal stimulus measures began to
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