As long as China's unemployment remains relatively high, they are in no hurry to change their currency policy. Summers can show them economometric models that shows them otherwise, but ironically, the Chinese high levels of poverty and low standard of living for decades allows them to go slower than their Asian counterparts.
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As long as China's unemployment remains relatively high, they are in no hurry to change their currency policy. Summers can show them economometric models that shows them otherwise, but ironically, the Chinese high levels of poverty and low standard of living for decades allows them to go slower than their Asian counterparts.
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