USA Today--China's rising inflation rate may soon be felt on U.S. shores. For American exporters, that's not bad news.
The Obama administration has long complained that China's undervalued currency keeps prices of its exports low, putting U.S. manufacturers at a disadvantage. But China's inflation woes are changing this dynamic. As Chinese goods get more expensive, this improves the "relative competitiveness" of U.S. products, says Jing Ulrich, managing director of JP Morgan's China equities and commodities. Read more!
The Obama administration has long complained that China's undervalued currency keeps prices of its exports low, putting U.S. manufacturers at a disadvantage. But China's inflation woes are changing this dynamic. As Chinese goods get more expensive, this improves the "relative competitiveness" of U.S. products, says Jing Ulrich, managing director of JP Morgan's China equities and commodities. Read more!
