my appreciation of the RMB depreciation!

For the first time since I can remember, the RMB (AKA Chinese Yuan or CNY) didn’t appreciate today. For the past 5 years the trend is pretty obvious. Just look at the chart below. Beijing has kept the maximum daily allowable appreciation amount to a minimum, so there were no big jumps, but day by…

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China SMEs face failure as profit margins shrink

October 5, 2011 by the editorial staff of  Global Sources Small exporters are struggling to survive as tight monetary policies, electricity shortages, the yuan appreciation and ballooning production costs eat into their profits. A number of industry challenges are making it more and more difficult for China’s small and midsize manufacturers to survive. Industry experts…

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