Revaluation of Yuan Expected to Spur Exports, Global Trade, The Journal of Commerce Finds

NEWARK, N.J., April 19 /PRNewswire/ -- With its economy in danger of overheating, and with frustration growing in Washington over the U.S. trade deficit, China appears ready to meet the U.S. halfway on its push for a revaluation of the yuan. While China is almost certain to move slowly to revalue a currency that economists see as 20 to 40 percent undervalued, any appreciation will be seen as a step in the right direction and one that could lead to more aggressive moves in the future.

(Photo: http://www.newscom.com/cgi-bin/prnh/20100419/NY89000)

The outcome could ignite a rally in global trade, bolster U.S. exports and even trim the country's $225 billion-plus trade deficit with the Asian giant, The Journal of Commerce reports this week.

Long a target of Washington, Beijing's close pegging of its currency to the dollar has exacerbated the U.S. trade deficit with China by blocking the self-correcting mechanism of the free market. Any revaluation will uncork a pressure cooker that has distorted U.S.-China trade and threatened to destabilize the dollar as the world's reserve currency.

In today's Cover Story, The Journal of Commerce examines this controversial issue at the core of the increasingly fragile U.S.-China business relationship.

To view daily news visit www.joc.com. For all media enquires, including article reprints, please contact Editorial Director Paul Page.

Since 1827, The Journal of Commerce has been the most trusted source of intelligence for international logistics executives to help them plan global supply chains and better manage day-to-day transportation of goods and commodities in the United States and internationally.

To become a member of The Journal of Commerce click here. JOC members have access to our weekly print and digital magazine and Web site, as well as a 10% discount on all JOC Events and trade shows, UBM Global Trade Directories and select PIERS products. Authoritative editorial content in the form of daily news, weekly analysis and regular features ensure our members have the information and data necessary to understand the issues facing trucking, rail and maritime transportation. Members enjoy access to "By the Numbers," an exclusive weekly compilation of key industry statistics that provides detailed views of current market trends across all modes. Regular market intelligence reports -- utilizing PIERS trade data -- include Top 100 Imports and Exporters, quarterly Top 40 Container lines, Transpacific and Transatlantic Maritime Forecasts and Top Container Ports and Terminals. Market-sector supplements, including Breakbulk, Cool Cargoes, 3PL, JOC Guide to Trucking and others, ensure all modes are comprehensively covered.  

About UBM Global Trade - UBM Global Trade, formerly Commonwealth Business Media, Inc., has been the leading provider of proprietary data, news, business intelligence and analytical content supporting commercial maritime, rail, trucking, warehousing and logistics industries worldwide since 1827. The company's portfolio of more than 100 online, print and interactive workflow business solutions includes The Journal of Commerce, The Journal of Commerce Events, PIERS Global Intelligence Solutions and an array of international trade and transportation databases and directories. UBM Global Trade, a subsidiary of United Business Media Limited, is headquartered in East Windsor, NJ, with offices throughout the United States and in Canada and Hong Kong. For more information, explore www.ubmglobaltrade.com or call 800-221-5488 (+1-609-371-7700 outside the U.S. and Canada).

About United Business Media Limited - UBM (UBM.L) focuses on two principal activities: worldwide information distribution, targeting and monitoring, and the development and monetization of B2B communities and markets. UBM's businesses inform markets and serve professional commercial communities -- from doctors to game developers, from journalists to jewelry traders, from farmers to pharmacists -- with integrated events, online, print and business information products. Our 6,500 staff in more than 30 countries is organized into specialist teams that serve these communities, bringing buyers and sellers together, helping them to do business and their markets to work effectively and efficiently. For more information, go to www.ubm.com.

SOURCE The Journal of Commerce

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