October 25, 2004

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Yuan for the money

Asia Times takes a look at the pressure to revalue the yuan and calls it a folly. Instead the article takes an anti-US dollar line, complaining about the primacy of the US dollar in world finance and Asian central banks' willingness to support the dollar come what may. It also says that revaluing the yuan won't help solve the current trade imbalance. I've not yet had time to look through the article thoroughly, but it looks like it has kernels of truth wrapped within lashings of dogma. I'll update once I've gone through it.

Additionally there's another article pointing out the flaws in China's economic statistics and what the most recent numbers mean, a topic I've looked at previously.

posted by Simon on 10.25.04 at 11:07 AM in the China economy category.




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