The non-issue of the RMB revaluation

Politicians in the USA and in the EU insist on a speedier revaluation of the RMB to lower the trade deficit with China. Their policy misses the real issues. For politicians it is an easy strategy to blame China for all their own internal problems.
Most Chambers of Commerce such as the EUCCC and Amcham have a better insight and they little mention the demand for revaluation and suggest their governments to moderate the call for a higher RMB. Amcham mostly urges Washington to calm down on the revaluation and is not expected to change its attitude.
To read the full article, download this pdf: 101102rmb.pdf

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