Thursday, October 07, 2010

On China's currency, the Remnimbi

I see with regret that i was partly wrong in my post of March 24 this year.

My impression was that China's trade figures would unravel fast - they have not yet unravelled!

Meanwhile, I am also happy to note that I was at least partially right!: Today's news is that Premier Wen has pushed back against international criticism of China’s currency policy, saying that acceding to demands for a faster rise in the renminbi could cause social unrest in China - exactly what I had said in that post.

It seems that understanding at least some economic fundamentals does not help you to understand the time-frame in which things are going to happen! Sphere: Related Content

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