US Business Leaders Think Chinese Currency is Unfairly Valued

US Business Leaders Think Chinese Currency is Unfairly Valued

Bill Belew has raised 2 bi-cultural kids, now 34 and 30. And he and his wife are now parenting a 3rd, Mia, who is 8.

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Business Leader

150 in-depth interviews of CEOs, Communications Directors, corporate board members and other top officials at major companies throughout the US was conducted.

The following question was asked:

Chinese Currency is now pegged to the US dollar. Some have argued that this has a negative impact on the US economy. Do you agree that the Chinese currency peg to the US Dollar adversely impacts the US economy?

1.  Well more than half agree (57%) – Strongly agree (29%) + somewhat agree (28%)

2.  About one-third disagreed (30%) – somewhat disagree (21%) + strongly disagree (9%)

3.  About one in eight said – “Uh, what is exchange rate?” 13% weren’t sure.

I don’t think it is the exchange rate. I think America just can’t cut it – can’t produce the quality products at a reasonable price so that the world will buy it.

Case in point – the revaluing of the Japanese yen changed nothing….

What do you think?

 

These survey results were taken from a poll conducted by the Committee of 100.

The Committee of 100 is a national, nonpartisan organization composed of prominent American citizens of Chinese descent.  The members of this group pool their resources to address important issues that concern the Chinese/American community but, Imho, more importantly, foster better US-Greater China relations.

Recently, this group asked the polling firm ZOGBY to conduct an extensive survey of American Attitudes Toward China.

They polled the General Population (General Public) as well as Chinese Americans. Business leaders, Opinion leaders and Congressional staffers, subsets of the general public were also polled.

In keeping with the Committee of 100 ideas, I hope it will create discussion and be used to better understand U.S.-China relations and help those concerned to formulate recommendations on how to improve relationships between these two great countries.

go to 老毕看中国

Talk to Bill and others about their experiences raising bi-cultural Japanese-American kids.

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