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 [...]
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 [...]
Yeah, China’s exports are up, but there’s nothing much to see here long term. Move along and don’t make a fuss.
While I agree that China’s scolding of the U.S. over its national debt has hit the drama queen stage at this point, analogies used by the media to spice up reporting are not always useful.
Not sure what massive forex inflows are doing to the Chinese economy and what impact this may have on foreign investment? This guest post might help.
Obama: weakening the dollar? I have no idea what you’re talking about. Unlike China, we’re just trying to grow our economy.
About that US Treasury report on whether China is a currency manipulator? Forget about it until after the election.
Will the Obama Administration capitalize on anti-China sentiment and label the PRC a currency manipulator weeks before the mid-term elections?
OMG! Premier Wen ‘let it slip’ that China’s government actually cares about unemployment. Stop the presses!
Yeah, so the US House of Representatives finally passed that China tariff bill. Don’t expect much else to happen though.
The latest “discussion” in Washington about the value of China’s currency has encouraged the usual Op/Ed calls for protectionism.
This regional spat automatically makes the U.S. relevant again in Asia.
It’s no accident that RMB-based trade complaints have thus far been quietly buried by the U.S. government.
The U.S. House plans to debate legislation authorizing trade sanctions against China for currency manipulation. It’s an election year, and useless posturing is to be expected.
The Obama administration announced that it has decided not to label China a currency manipulator in a semi-annual currency report released Thursday. Chalk up another win for Beijing.
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.
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.
The PRC seemed to be on the verge of a RMB revaluation. But that was before the Euro tanked, harming China’s export sector and causing Beijing to rethink it’s exchange rate policy.
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 [...]
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 [...]