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Unilateral appreciation of the renminbi goes against China’s sound economic growth“Our exports last year were 4 percent higher than those in 2012,but we didn’t make much money,”Li Haifu,owner of Beijing Haifu Trading Co.Ltd.,told Beijing Review.Sitting in Dahongmen area,Haifu is mainly engaged in the production of curtains and beddings,with most of its products be-ing exported.According to Li,for exported products,the U.S.dollar is used at all stages
Unilateral appreciation of the renminbi goes against China’s sound economic growth “” Our exports last year were 4 percent higher than those in 2012, but we did not make much money, "Li Haifu, owner of Beijing Haifu Trading Co. Ltd., told Beijing Review.Sitting in Dahongmen area, Haifu is mainly engaged in the production of curtains and bedding, with most of its products be-ing exported. According to Li, for exported products, the USdollar is used at all stages