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NMA: US-Sino Currency Rap Battle

submitted by ant

1 decade 3 years 5 months 2 weeks ago

"The G20 is getting underway in South Korea. High on the agenda is the brewing currency battle between China and the United States.

Need a primer on the issues? Check out our US-Sino Currency Rap Battle, featuring Chinese president Hu Jintao and American president Barack Obama.

China has mad stacks of US Treasury debt and fears America will inflate its way out the hole by weakening the greenback further.

The US, on the other hand, says China is keeping its currency artificially undervalued to protect its exports.

It's a battle for the ages. And everything you need to know about US-Sino trade relations can be learned right here."