WASHINGTON — U.S. and China currency policies are playing out on multiple stages across the globe, from world financial markets to the U.S. Congress and National People’s Congress in Beijing to the cotton fields of India.
With so much in flux and criticism of both countries’ monetary policies mounting, the business and economic outlook in the U.S. and abroad will remain volatile, according to economists, executives and trade experts. Consumer prices are expected to rise in 2011, driven in part by the gradual appreciation of the Chinese yuan, in conjunction with rising labor and raw material costs in China that make up the lion’s share of production costs, industry executives said.
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