Throwing caution to the winds
Updated: 2011-10-17 07:59
Comment on "China adamantly opposes US yuan bill" (China Daily, Oct 12)
It's not that the Chinese currency is undervalued, intentionally or otherwise. It's that American arrogance has forced it to overvalue its own labor as well as its currency.
When the United States adjusts its currency to ensure that a bottle of water costs 25 cents, which is what it is worth, it will find itself once again profitable and thriving side by side with China.
Don Rechtman, on China Daily website
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(China Daily 10/17/2011 page9)