Letters

Right strategy against US

The United States should think about the long-term consequences of pressuring China into a quick currency revaluation beyond the US mid-term election.

It should realize that a forced revaluation of the yuan could result in a drop in exports from China, which could cause major job loss at US' ports and inland transportation services. It could also result in a fall in the purchase of US Treasury Bonds by China, which may propel higher interest rates in the US. The resultant rise in the prices of commodities at Walmart and other major American importers may cause inflation and a drop in US nationals' purchasing power.