Steady on the Renminbi

The renminbi has appreciated sharply over the past several years, exports are sagging, and the risk of deflation is growing. Under these circumstances, many suggest that a reversal in Chinese currency policy to weaken the renminbi is the most logical course. That would be a serious mistake.



Stephen Roach, Faculty Member, Yale University via CHINA US Focus http://ift.tt/1JJOF0r