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Huanqiu: The U.S. Uses the RMB Exchange Rate Problem as a Scapegoat

According to an October 28, 2010, article in Huanqiu, the United States has been strategically depreciating the U.S. dollar. The strategic depreciation of the dollar is leading to the U.S. dollars’ strategic violation of contracts, and is shrinking and even offsetting its foreign debt.

The article concludes that “the RMB exchange rate” problem is a “scapegoat” that the U.S. uses to transfer its internal contradictions and mislead international public opinion.

Huanqiu, October 28, 2010