October 25, 2004

You are on the invidual archive page of Yuan for the money. Click Simon World weblog for the main page.
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.


TrackBack URL for this entry:

Send a manual trackback ping to this post.


Post a Comment:


Email Address:



Remember your info?