foreign trade

China Won't Let Yuan Float So Freely After All

Last month, China said it would loosen the tight link between its currency, the yuan, and the U.S. dollar. It was a move welcomed by economists and world leaders who felt China was engaging in unfair currency manipulation. But on Wednesday, the government in Beijing backpedaled a bit.

Be glad you aren't Chinese

A fascinating story by James Fallows in the current issue of Atlantic Magazine left me with compassion for the Chinese citizen. Instead of spending...