Currency and Low Valued Yuan

 Currency and Low Respected Yuan Essay

Chaper six

Student: Kerimova Aysha

Wal-Mart and the Yuan Debate 1 . Why is the cost of the yuan so important?

Wal-Mart's business technique relies on low production costs which it may pass on to its consumers.  If perhaps Wal-Mart were a country it would be China's eighth greatest trading spouse ahead of Spain, Australia, and Canada.  Wal-Mart's non-Chinese owned suppliers operating in Cina number almost 5, 000 and all of these people benefit from a minimal valued yuan compared to the dollars.  The 176 , 000, 000 worldwide consumers of Wal-Mart also benefit from the low valued yuan.  With nearly 70 percent of Wal-Mart's products originating from China a clear , crisp increase in the significance of the yuan against the dollars can be disastrous for the company as the increased costs for Wal-Mart and could most likely transferred to buyers.  It might also hurt American customers whom Wal-Mart claims this saves the typical household around $2, 500 dollars every year.  installment payments on your If you were the CEO of Wal-Mart and were finding your way through a meeting with the most oral members of the US Congress on China's currency " manipulation”, what would you tell them? I would personally point out that although it may be see easy to blame China especially when it comes to an uniformed canton, the within costs associated with guidelines aimed at motivating China to lets it is yuan to understand against the buck will do harm in other techniques.  Normal Americans (also known as voters) will feel an appreciated yuan in their purses.  Chinese suppliers may be an easy target, but the higher costs American consumers pay as a result of policies pursued by members of congress is yet another hot matter that potential voters can respond to.  Finally improved costs means Wal-Mart will have to take actions to keep earnings up to continue to keep shareholders content.  This could mean reducing workforce which this current economic environment in which so many Americans are looking for work would not become a good thing. We would also mention that China's...


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