Related: The Guardian view on care workers: undervalued, underpaid | Editorial Yet care providers have a point when they ask how they are supposed to make ends meet on the rates they are paid by council commissioners.
Talented teachers of music, art, drama and dance; special schools that looked to vocational qualifications to record their pupils' achievements – all feel squeezed out, undervalued and undermined.
They're right about that: an undervalued currency promotes inflation, erodes the real wages of Chinese workers and squanders Chinese resources.
This presents an opportunity for foreign investors to buy into and revamp inefficient and potentially undervalued companies with good links to the regime.Among the most attractive sectors for foreign investors is manufacturing.
An undervalued currency always promotes trade surpluses, and China is no different.I would love to see who is making this argument, that China's trade surplus has nothing to do with its currency policy.
Economically, it is unjustified: as China has allowed the yuan to appreciate, it has become far less undervalued, as evidenced by China's shrunken current-account surplus (see article).
Chinese politicians echo those sentiments.Yet for American lawmakers on Capitol Hill, there is only one villain: China and its undervalued currency.
He was helped by record prices for Argentina's farm exports but pumped up the economy further, with dollops of public spending and an undervalued currency.
This week the Senate Finance Committee was due to begin drafting legislation that would allow firms to seek antidumping duties to offset the alleged "subsidy" from the undervalued yuan.
Barack Obama has pinned his hopes for recovery on a doubling of exports, a goal that China's many barriers to trade, from discriminatory government procurement to the undervalued yuan, impede.America has legitimate beefs with China, but this bill is the wrong way to address them.
