A blog on Chinese economy & society

All clear on the RMB front

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Yes, a deal has been stuck.

Hu Jintao is going to attend the April 12 nuclear summit. So there’s no way no way that China will be named a currency manipulator a mere 3 days later. But a sudden change of heart by China to soften the peg is very likely afterward. Like I said yesterday, China could appease by simply broaden the trading band, which may not result in any appreciation at all given its trade deficit.


Written by Cindy Luk

April 1, 2010 at 2:52 pm

Posted in China, Macro, trade

Tagged with , , , , ,

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