U.S. companies see yuan revaluation as first step


NEW YORK, July 21 (Reuters) - The following are comments from U.S. companies on China's decision to revalue its yuan currency by 2 percent, linking it to a basket of currencies rather than directly at 8.28 yuan to the dollar, as it has for a decade. JOE TUCCI, CHIEF EXECUTIVE OF EMC CORP: "I don't think the revaluation changes anything. China has such a tremendous advantage in their costs, this small devaluation is just a sign they are listening to concerns about the economy's economic ...

Premium Content (PAID Subscription Required)

"U.S. companies see yuan revaluation as first step" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: lwilliamson@wardsauto.com or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.

Feb 10, 2017

Volvo V60 Polestar 2.0L Turbo/Supercharged DOHC 4-cyl. -- 2017 Award Acceptance

Stefan Hermelin, general manager-Monitoring & Concept Center, accepts Volvo Cars' award at the 2017 Wards 10 Best Engines ceremony....More


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×