What do we want? 20%! This isn’t a demand for a wage increase – or for a cut in public spending. It’s for something altogether different and potentially even more disruptive. To find out what this is, read on. No, this isn’t a story about workers’ pay claims in China or some other fast-growing developing nation – even though similar such headlines [...]
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Like most, we expect the renminbi to appreciate following the shift from a currency peg. But we think that the pace of change won’t make a big difference to China’s trade surplus or its inflation rate.
Filed under: Economics | Tagged: China, Chinese economy, renminbi, RMB | Leave a Comment »
The Chinese premier has been outlining the arguments against yen appreciation. This may reflect worries that the US will label current policy as “currency manipulation”.
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The governor of the People’s Bank of China, Zhou Xiaochuan, has indicated that the case for letting the renminbi rise a little is gaining ground. But not all the ducks are in line as yet.
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The IMF has said that the yuan is substantially undervalued; a Chinese official has talked of the need to change market expectations.
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Kevin Gardiner is Head of Investment Strategy, EMEA
Greg B. Davies
Greg B. Davies, PhD, is Head of Behavioural Finance
Henk Potts
Henk Potts is Market Analyst
