China's currency issue with the United States

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.

MEDA holds 42nd annual recognition luncheon

By Greg Hugh, staff writer

Yvonne Cheung Ho, MEDA executive director

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

 
Op-Ed Commentary by Chris Devonshire-Ellis
 
Recent media commentary has been suggesting that the business environment in China has worsened for foreign investors over the past year. Although China is still evolving as an emerging market, I disagree with the basic premise that it is becoming tougher, and even unwelcoming, to foreign investors.
 
A sense of foreign investors being singled out for specific abuse seems to be portrayed in certain circles, and as the founding partner of Dezan Shira & Associates – a company that has been providing consulting services to foreign investors in China for over 20 years – it is a subject of great personal interest. Yet amid these recent dissatisfied comments about China’s business environment declining, I see nothing new. Instead, it seems to be rather more of a failure to accept that compliance has become key in China. Non-compliance is now, more than ever, a false economy.

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CHINAINSIGHT (CI) is published monthly ((except July/August and November/December are combined) by China Insight, Inc., an independent, privately owned company started in 2001 and headquartered in the Twin Cities area of Minnesota.

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