Famous quote by Gary Becker

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A stronger yuan could lead to greater Chinese asset accumulation in the U.S. and elsewhere
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"A stronger yuan could lead to greater Chinese asset accumulation in the U.S. and elsewhere"

- Gary Becker

About this Quote

This quote by Gary Becker suggests that if the Chinese yuan were to end up being stronger, it could result in an increase in Chinese possession build-up in the U.S. and other nations. This could be helpful for the Chinese economy, as it would permit them to buy more properties abroad, such as stocks, bonds, and realty. This might also be beneficial for the U.S. economy, as it would generate more foreign financial investment, which could assist to promote economic development. Furthermore, a stronger yuan might result in increased trade between the U.S. and China, as Chinese products would end up being more affordable for American consumers. Ultimately, a stronger yuan might cause higher Chinese property build-up in the U.S. and elsewhere, which could be beneficial for both countries.

About the Author

USA Flag This quote is written / told by Gary Becker somewhere between December 2, 1930 and today. He/she was a famous Economist from USA. The author also have 6 other quotes.

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