Suppose China suddenly decided to give into the US demands and, overnight, revalued upwards the Yuan by 20%.
Suppose China suddenly decided to give into the US demands and, overnight, revalued upwards the Yuan by 20%. Consider the impact of this increase in value of the Yuan on two large US companies: (1) Yum!Brands whose 2007 second quarter profits were $214 million roughly half of which resulted from sales made by KFC and …