Tag Archives: Yuan

The Appreciating Renminbi

by Philippe Bacchetta, Kenza Benhima and Yannick Kalantzis, voxeu.org China is perennially accused of currency manipulation. Yet, this article argues that a weak currency value doesn’t necessarily reflect currency manipulation. China is a fast growing economy with strong financial frictions … Continue reading

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RMB as a Reserve Currency and Chinese Financial Reform

Michael Pettis updates his readers about China’s financial condition. He reports while there were some good news coming in past two weeks from the country, some bad news made the economic data a mixed kind. Mr. Pettis addresses everything about RMB bloc and undergoing change of the economic power. Continue reading

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An Exchange Rate Myth Puzzles the Financial Times

The Chinese yuan recent high against the dollar – a puzzle for the FT? A Very Brief Lesson in Sovereign Currencies 101 by Dirk Ehnts, Econblog 101 The Financial Times reported 12 October 2012: The renminbi has jumped to its … Continue reading

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The U.S. China Economic and Security Review Commission 2011 Annual Report to Congress

by Dirk Ehnts The U.S.-China Economic and Security Review Commission released its 2011 Annual Report to Congress on November 16, 2011.Below I discuss some paragraphs where I think the authors are mistaken in their beliefs. China’s foreign currency reserves are … Continue reading

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Why “Made in China” Costs More in China

Chinese goods cost more in China because of currency, taxes, transportation,logistics and inflation. Chinese get the jobs, while Americans get the consumer products; Chinese government gets the dollar, but the U.S government gets to spend the dollar! Chinese like to say: the Americans get a better deal! Continue reading

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