From The Foreign Affairs: Summary: Politicians in Washington are clamoring for currency revaluation in China to reverse China’s trade surplus with the United States. But the trade imbalance is not the threat they make it out to be, and a stronger yuan is not the solution. Everybody should focus instead on properly integrating China into […]

From South China Morning Post, via Elite Chinese Politics and Political Economy blog: Mainland monetary regulators have reportedly asked the State Council for a “one-off” appreciation of the yuan, a move that could signal a tough new policy to reduce rising global trade tensions and fight excessive liquidity. The plan, reported in a state-owned newspaper […]