China & Deflated Yuan---Who brought the Global Bust

China is a source of unfair competition & blackmails the world with an artificially low pegged Yuan

When the downturn triggered globally and all developed countries started facing a severe beating in their gdp, revenue and ballooning deficits,

China has unfairly gained by deflating its currency at other countries expense of growth by making chinese products very cheaper compared to any product on earth.

china being an export oriented manufactuting economy has very carefully and tactfully managed to deflate its currency and at the same time not let inflation bother its growth and also amassed huge reserves. developed countries feel that china has achieved enough growth all these years and has almost overtaken germany as the 3rd largest economy


.. chinese govt is also smarter to understand this early enough and had once appreciated its yuan to a certain extent 3 yrs before... but we still feel taht is not at all sufficient, its yuan value when pegged against other currencies does not reflect its real growth, power and reserves.

Even after yuan appreciates, chinese govt will continue to provide other kind of subsidies and measures to keep up pace with the exports. so yuan appreciation shud not hurt them much.