2. Wal*Mart is China's 8th largest trading partner; ahead of the U.K. and
Russia.
The cheap yuan is one of the reasons they're able to do it.
Sooner or later this yuan-dollar pegging will unravel. Argentina pegged its currency to the dollar and it eventually led to economic turmoil.
This policy also ties our economic well-being to China. Wal*Mart is the largest employer in the U.S. A major financial crisis involving the yuan in China (or even China and Taiwan) will be immediately felt in America.
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