Brad Setser offers a neat dissection of an Asia Times item on the possible effects of a renminbi revaluation.:
This article struck me as confused, even for an article that tries to summarize a range of different views on the RMB.
I just don’t see how a RMB revaluation can both:
1. Have a limited impact on the US bilateral trade deficit with China….
2. Decimate Chinese exports….
[link]
