Quality Products International

China Seems Set to Loosen Hold on Its Currency

by on Apr.10, 2010, under China

Anticipated changes in currency policy for the Yuan will have mixed effects. For companies sourcing from Chinese factories, it will certainly add further pressure to pricing on the back of labor shortages and other effects of a strong local economy.

Some increases in efficiencies through wide improvements in infrastructure and specific work flow management along with the sheer critical mass of the Chinese supply infrastructure will certainly continue to make China a viable sourcing option for some time to come.

If you need assistance exporting from China or wish to penetrate this massive and growing market, QPI can assist you with our presence here in China.

NY Times article on the Yuan

HONG KONG — The Chinese government is preparing to announce in the coming days that it will allow its currency to strengthen slightly and vary more from day to day, people with knowledge of the emerging consensus in Beijing said on Thursday. The move would help ease tension with the Obama administration about the United States’ huge trade deficit with China.

Read full article here

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