There is a bombardment of news stories on China or may be, it is my imagination. After Premier Wen Jiabao’s speech (even before that) at the concluding session of the NPC, we have seen a minute parsing of his comments on the Yuan revaluation, his labelling of US demands as exchange rate protectionism, in a [...]
Prof. AS deserves our praise for writing a good piece that kills many birds with one stone. It is a good advice to the US. It does showcase the good things India is doing. It has a lovely dig at the way Indians win tenure in American universities – by digging up dirt on India. [...]
Debate on the above topic is heating up. Paul Krugman has a simple and yet scathing blog post on the topic of renmimbi undervaluation. See here. It is unlikely that he would be invited to China again. He links to this article in NYT which refers to President Obama’s comment on the Chinese currency:
to make sure [...]
I have a lot of sympathy for what Chinese regulators have done with respect to the sale of derivatives by Western financial institutions to Chinese investors (companies, individuals, funds, etc.). The article makes a veiled reference to the implications that it would have for the internationalisation of the Chinese currency. But, that is best ignored.
The [...]
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