Tag Archives: renminbi

Is the RMB Debate Over?

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OK, stupid question. The political debate is definitely not over. On the other hand, the focus of the discussion among economists sure has changed over the past year or so. Not too long ago, everyone was arguing whether the RMB was only 10% undervalued or as much as 40%. Now we’ve got this sort of…

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Hey, the RMB Has Appreciated. Just Don’t Tell Anyone.

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Great New York Times article on recent RMB appreciation and why the U.S. government is trying to keep it quiet. If you’re into politics, this is fun. Keep in mind that although significant appreciation has occurred (“up 12 percent since June 2010 on an inflation-adjusted basis and 40 percent since 2005″), a lot of experts…

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You Say Tomato, I Say Mercantilism

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Obama: weakening the dollar? I have no idea what you’re talking about. Unlike China, we’re just trying to grow our economy.

Krugman’s Latest on the RMB

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Economist Paul Krugman comments on the RMB policy shift announced last weekend. As usual, he gets his facts right but ignores the reality of PRC domestic politics.

RMB Follies: Patience is a Virtue

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It’s been a strange couple of days in the ongoing RMB valuation saga. Some comments on Beijing’s ‘head fake’ and the strategy behind it.

U.S. Passes Up Second Chance on RMB

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The US launched a probe into Chinese exports of aluminium products on Wednesday night but postponed a decision on whether to include the country’s exchange rate policy in its inquiry. The investigation, announced by the commerce department, will unfold over the next few months, with an initial determination scheduled for May 17. It threatens to…

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Is Obama Getting Played By China?

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The journalistic sport of the weekend was generating lots of column inches about the US-China diplomatic dance over the RMB and Iran sanctions. Wonderful story. You have the ominous problem of nuclear proliferation and upcoming multilateral meetings focused on Iran. Then there’s the value of the RMB, repeated rhetorical and legislative threats over the issue…

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