CHINA'S RELUCTANCY TOWARDS FASTER REVALUATION OF ITS CURRENCY.

The recent USA and China talks on issues that entailed monetary policies, particularly on the USA and the world's request of China to revalue its currency the yuan has revealed less progress that meant bad news for those who had waited on computers, phones and with airline tickets on China decision for the revaluation of its currency.
However, China's reluctancy to implement revaluation of its currency has not been made known , despite China's previous acceptance to revalue its currency. Speculation based China's reluctancy to revalue its currency on fear of unpredictable consequences that could cause chaos on trades and money markets through out the world, while at the same time may turn China to a gold mine for the few in this world who may have been watching China's developement as a potential world market economy.

Written by Godfrey Ohia.