Comments on: IMF head: renminbi is very undervalued

By: Shelba Fickle

Shelba Fickle — Fri, 08 Oct 2010 11:31:00 +0000

Hello helpful points.. now why didn’t i think of those? Off topic somewhat, is this page pattern only from an ordinary installation or else do you employ a custom pattern. I have a weblog i am aiming to improve and anyway the visuals is likely one of the first things to accomplish on my list.

By: VARKER1

VARKER1 — Thu, 07 Oct 2010 22:01:28 +0000

People are tired of the Chinese cheating like this. Who do they think they are. Time to tax them heavily or as an extreme stop dealing with them. The world demands an appreciation of the Yuan NOW and more than 1 or 2 % !

By: Jeanmichel

Jeanmichel — Thu, 07 Oct 2010 20:58:54 +0000

What is the basis of Strauss-Kahn statement that the Chinese currency is substantially undervalued? Is it because China runs surpluses with both the US and Europe? But then, China runs deficits with Japan, South Korea and the ASEAN countries. Based on the logic of Strauss-Kahn, the currencies of Japan, South Korea and the ASEAN countries must be more substantially undervalued. Furthermore, if the undervaluation of the Chinese currency were the cause of the US deficit, then why did this deficit widen since 2005 despite the appreciation of the Chinese Yuan by more than 20%?
The fact is that Strauss-Kahn is merely acting as the mouthpiece of the US. This is very unfortunate when he was speaking as the head of the IMF.

By: S_K_V

S_K_V — Thu, 07 Oct 2010 19:40:13 +0000

Finally somebody said truth – China uses currency manipulation to fix exports. But by now truth doesn’t really matter. We see the beginning of “Currencies Wars”. Instead of building unified front against China manipulations USA tried to arrange something in private and… failed. Couple days ago Japan CB cut rates to 0% unilaterally. Brazil imposed restriction on bond transactions. Soon ECB will act as well… unilaterally.

By: BHOlied

BHOlied — Thu, 07 Oct 2010 18:15:51 +0000

its not about perfecting the world balance. There will never be world balance just as there will never cease to be homelessness or the end of world peace.

The yuan is undervalued, simple, done, truth. So fix it. 1% change is better than no change.

‘Oh we can’t make it perfect so don’t do anything’ – great logic there. If that were true, the government would not be able to function.