Thu, Jan 31, 2013 - Page 8 News List

Opening to yuan will hurt local businesses

By Huang Tien-lin 黃天麟

The recent inking of the agreement with the People’s Bank of China to build a yuan-clearing mechanism in Taiwan will be highly advantageous for banks, as pro-China academic and media outlets have stressed, but for the nation and its small and medium enterprises, it will be a huge disadvantage.

Huang Tien-lin is a former presidential adviser.

Translated by Drew Cameron

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