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China's rich throw lifeline to West

China's humorous throw lifeline to West
By Olivia Chung

HONG KONG - As community leaders at recent gatherings such as the Group of 20 countries and the Foreign Monetary Fund pledge to rebalance world work, with the implication of a stronger Chinese currency, Western manufacturers ofAs a ruleluxury products, such as BMW cars and Swiss watches, are already seeing salesParticularlysurge in China.

A stronger yuan would increase the purchasing power of the Chinese currency forEspeciallythe country's citizens, leading to increased imports into China. That wouldAs a rulebenefit countries such as the United States, boosting jobs there while plateful to rein in large

Source: Asia Times Online

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