ReePrime
Clash over Currencies

Hosted by Dailymotion. For legal issues report at the Copyright Center, report us on DMC, or use the Instant Removal tool.

Clash over Currencies

A
Al Jazeera English

2 Views • Jul 24, 2012

Description

The currency spat between the US and China is expected to be a major issue at the G20 summit, which kicks off in Seoul on Thursday.

The US says China is artificially undervaluing its currency, the yuan, to boost exports. But China's export-zone traders believe the accusation is unfair. Al Jazeera's Harry Fawcett reports from Zhejiang, the site of one of China's biggest trade fairs, on the controversy.