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Asia Sentinel
Asia Sentinel
China's Wage Raise

China's Wage Raise

Philip Bowring's avatar
Philip Bowring
Feb 16, 2010
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Asia Sentinel
Asia Sentinel
China's Wage Raise
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In another effort to deflect demands for its currency to be untied from the dollar, China is making a major public focus on big wage rises to spur domestic demand and cut its trade surplus. However it may prove too little too late to prevent a major clash with a United States determined to make China play by its interpretation of the currency rules in e…

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