Yuan Versus Dollar
Editorial, Le Monde (in French) | March 18, 2010
The 21st century will witness new commercial battlefronts: the yuan vs. the dollar is one of them. ++ Americans blame Chinese officials for maintaining the yuan at an unnecessarily low exchange rate, therefore making it more difficult for the American economy to recover. ++ Responding to a letter written by Congressmen urging retaliation, Wen Jiabao gave a straightforward lecture on the economy: China is America's primary creditor, so the road to economic recovery leads through China, not the other way round.
