Tag Archives: RMB

Is the RMB Debate Over?

May 3, 2012

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 […]

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

February 16, 2012

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 […]

The U.S. Senate China Currency Bill: Tired Political Theater

October 4, 2011

I’ve been putting off a post on the topic of the current U.S. Senate bill that would punish China for the value of the RMB. I’ve been writing about this topic for at least eight years, so I’m reluctant to drag out all the old econ, trade and politics issues. That would make for a […]

US Treasury Once Again Says China Not A Currency Manipulator. Now Go Back to Sleep.

May 29, 2011

I’ll make this quick, since I’ve written this same post twice a year for the past several years. Prior to the release of the US Treasury report on international currencies, there is always a lot of hemming and hawing, hand wringing, threats, denunciations, etc. You know, the usual. Then the report comes out, and also as […]

Protectionist Ideologues are Squawking About US-China Trade Again

September 28, 2010

The latest “discussion” in Washington about the value of China’s currency has encouraged the usual Op/Ed calls for protectionism.

So Much For That RMB Revaluation. Thanks A Lot, Greece!

May 19, 2010

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.

What’s Next From D.C. on the RMB? A Lot More Talk

April 1, 2010

China’s fixed exchange rate against the US dollar continues to be blamed by a large majority of US lawmakers for helping to create global economic imbalances and stealing jobs from US industries, notably manufacturing. (FT) The rhetoric has never been this heated before, but that doesn’t necessarily mean that D.C. is actually going to do […]