Johnson Kim had said in his blog “Another Reminder China Owns the US” that the US is too late to take the move to be less dependent with China. He also pointed out that if China appreciate Yuan, it “would foster more jobs in America and reduce debt”.  I totally agree with what Johnson said.

An appreciation with Yuan could help many countries around the world. Since China is the top one on the list of countries by export. And this is because of the low value of Chinese dollar Yuan. It is cheaper for countries to import from China than produce on their own. However, as the import from China increases, China will have more power on the other countries, as the other countries lose their employment.

China is not going to appreciate Yuan since it will hurt China’s economy. The world is not going to decrease the amount of importing from China because it is cheapest choice they have. So the exportation from China is only going to increase. And at the end, just like what the Chinese bear said to the American bear in the video:” we no need to conquer you, we buy you.”