By Pat Welsh, China Insight contributor
The denomination of China’s currency is the renminbi ( literally translated as “Peoples’ currency”). The major unit of the renminbi is the yuan. Many Americans believe that the yuan should strengthen further against our dollar. They cite as evidence the fact that the value of China exports to this country far exceeds that of our exports to China. In 2012, this deficit reached US$315 billion, much of which was because many of our products were priced too expensively in China. Also cited is that in dollar terms, the wages of Chinese workers are extremely low.
By Greg Hugh, staff writer
More than 500 guests recently attended a luncheon by the Metropolitan Economic Development Association to recognize its 2013 Award Honorees. Serving as the emcee for the luncheon was Fox 9 News reporter, Maury Glover, wih opening comments by Anthony Heredia, past MEDA board chair, who passed the gavel to Douglas Eden, current MEDA board chair. MEDA Executive Director Yvonne Cheung Ho along with Steve Weitz, MEDA board member commented about the past year and then began the awards presentation.
Award winners are . . .
Posted on January 4, 2013 by China Briefing