CHINA ECONOMICS FORCE CHINESE MANUFACTURERS TO EMPLOY NEW BUSINESS STRATEGIES
October 1st, 2010
BY WANG FANGQING
TO many Chinese manufacturers, 2011 has been a difficult year - an unfortunate combination of the fast-rising Chinese Yuan Renminbi (CNY); soaring inflation; and a shortage of available investment. And the horizon is not getting brighter: at the beginning of October, for example, the US Senate passed a controversial currency bill, aimed at punishing China for 'currency manipulation' with retaliatory tariffs. If signed into law by President Obama, the Currency Exchange Rate Oversight Reform Act is designed to push Beijing into further increasing ...
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