America has seen bilateral competitiveness against China improve

February 25th, 2012|by Michael Ashley Schulman, Perspectives, The Big Picture|

America has seen bilateral competitiveness against China improve through a mix of yuan appreciation and a substantial change in relative unit labor costs. The yuan is close to being fairly valued against the US dollar. This marks a fundamental change in the global economy and has profound investor implications.

 

Chinese central bank officials suggest that the […]