By: Li Feng
I think it is fairly obvious (and no one will say it) the problems with the Chinese currency is directly a result of a hostile trade agreement called the TPP.
China has legitimate sovereign reasons to provide a better advantage over the TPP that no one wants except USA Republicans.
May 26, 2015
By Laura He
Hong Kong (MarketWatch) — The Trans-Pacific Partnership (TPP) (click here) trade deal may be controversial in the U.S., but in China it appears to be the object of great worry and, in some respects, seems to be driving policy in Beijing.
The TPP agreement, strongly supported by President Barack Obama, would create the world’s largest free-trade zone, stretching across half the globe. The treaty itself, as well as the “fast-track” negotiating authority sought by the Obama Administration, has come under criticism by some U.S. lawmakers, as well as various labor and business groups concerned about everything from wages to national security.
But in Beijing, the TPP is frequently seen as an “anyone but China” trade club that threatens the Chinese economy as a whole and even the country’s very future...
