EconoChina

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.

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Written by Cindy Luk

April 1, 2010 at 2:52 pm

Posted in China, Macro, trade

Tagged with , , , , ,

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