Chapter Eight of Dodson's China Inside Out was covering the Chinese currency system in relation to other world currencies, the focus seeming to be the yuan's correlation with the US dollar. I will admit there wasn't much I learned from a technical standpoint in this chapter, as I don't very well understand currency jargon beyond necessity. My main confusions were with some of the statistics that spoke of 'mere millions' or referred to large sums such as millions or billions being paid, as of course to a college student this all sounds like a lot of money. As such, I found that I could not make accurate proportions in my mind as per what was a lot or a little money from the business perspective this seemed to be taking on. However, things that did make sense is China's fixation on making sure the U.S. dollar value stays up and that they will get their monies worth in the end by aiding the US in keeping afloat from a monetary point of view.
It would seem that China is very intent on keeping their labor cheap for US businesses in order to keep US business in China so they may make a profit from it. It seems as if, honestly, China will stop at nothing to get what it wants! This is evident in profit-driven business structure and the arrest of men who worked for a company China just happened to be displeased with! All in all, it would seem the country is focused very much on gathering wealth in both monetary and material values in order to support its very grand expansion and ideaology
Importance of the yuan I have found in the chapter would be that the Chinese seem to simply want to keep it low, again, so American money may stretch further. I would assume the importance is, mentioning once more, to keep American business in China. As well, I imagine this would also mean for China that the American money coming into China to pay back loans would mean more yuan per dollar the government would be able to put to use.
It would seem that this financial chapter truly shows China's competitive nature with the world around it.
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