By Brett Heimburger, Regional Director, Asia Governor’s Office of Economic Developmen
Debate over China’s exchange rate policies vis-à-vis the US dollar is usually structured in terms of trade imbalances: U.S. overconsumption and a zero savings rate on one side, and Chinese high savings and overproduction on the other. While the focus in the West is primarily on short-term appreciation of the Yuan (RMB), the inclination in China seems to be on longer-term structural reform.
tags: business, international, china, goed
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