Real Apprecation in China, One Way or the Other
January 31, 2011 at 10:15 AM EST
Just last week I noted that because of QE2 a real appreciation in China will occur one way or the other: either its currency will appreciate faster or its domestic prices will soar. The former seems unlikely because of China’s commitment to its export-driven growth strategy. Consequently, China will most likely stay tied to the [...]
