Friday , May 7 2021
Home / South China Morning Post / US-China trade war: amid allegations that yuan is undervalued, why are tiny twist ties so important?

US-China trade war: amid allegations that yuan is undervalued, why are tiny twist ties so important?

Summary:
[unable to retrieve full-text content]Beijing appears to be alarmed by a US probe into whether the yuan is being undervalued to give Chinese exporters an unfair advantage, which could spell big trouble for China’s US0 billion worth of annual exports to the United States.And that big trouble could stem, in part, from a very small item: twist ties – thin bendable wires coated in paper or plastic that are widely used for tying up bags, cables and food packaging.But these tiny twist ties have become anything but trivial in the US…

Topics:
Karen Yeung considers the following as important:

This could be interesting, too:

Tyler Durden writes Why Have Bond Yields Gone Nowhere In The Past Month Despite Blowout Macro Data: Here Is Goldman’s Answer

Tyler Durden writes Gen Z Is Anything But Politically Ill-Informed

Tyler Durden writes Montana Is First State To Cancel Unemployment Benefits In Response To Unprecedented Worker Shortage

Tyler Durden writes Voting With Your Feet

[unable to retrieve full-text content]
Beijing appears to be alarmed by a US probe into whether the yuan is being undervalued to give Chinese exporters an unfair advantage, which could spell big trouble for China’s US$450 billion worth of annual exports to the United States.And that big trouble could stem, in part, from a very small item: twist ties – thin bendable wires coated in paper or plastic that are widely used for tying up bags, cables and food packaging.But these tiny twist ties have become anything but trivial in the US…

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.