In the News: Yahoo Tech Ticker

A Strong Yuan is in China's Interest, portfolio manager Axel Merk tells Yahoo Tech Ticker

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Financing our deficit abroad then crying protectionism is a tough argument to win for America, says our guest Axel Merk, president of Merk Investments. 'You're only shooting yourself in the foot. Our problems are our own making.'

'The U.S. should be pursuing a strong dollar policy,' he adds. 'But at the same time, China should do the same thing.'

Merk, whose firm is long the yuan, argues a stronger currency is in China's long-term interest. ..."