Summary | Since 2003, the greatest obstacle to RMB exchange
rate reform has been the expectation of unilateral appreciation
of RMB against the dollar. Now would be a perfect time to
respond to the wrong expectation through the devaluation of RMB
against the dollar.
rate reform has been the expectation of unilateral appreciation
of RMB against the dollar. Now would be a perfect time to
respond to the wrong expectation through the devaluation of RMB
against the dollar.
chinastakes.com | 04 September 2015