China Moves to Devalue Yuan
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China Moves to Devalue Yuan
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Re: China Moves to Devalue Yuan
#2Paywall
Re: China Moves to Devalue Yuan
#3Re: China Moves to Devalue Yuan
#4China is devaluing yuan for quite a while, but usually more smoothly. Will this that do the trick or there is problem in fundamentals? Like debt is growing too fast comparing to rest of the economy.
Moreover, will China start making transition from cheap labour, efficiency based economy to innovation based one. Does government is aware of that challenge or they try to execute strategy for old model, that used to work, but may not help to make that transition?
Re: China Moves to Devalue Yuan
#5It was expected, let's hope they don't slip much further.
Re: China Moves to Devalue Yuan
#6China is devaluing yuan for quite a while, but usually more smoothly. Will this that do the trick or there is problem in fundamentals? Like debt is growing too fast comparing to rest of the economy. Moreover, will China start making transition from cheap labour, efficiency based economy to innovation based one. Does government is aware of that challenge or they try to execute strategy for old model, that used to work…
> China is devaluing yen
Typo? If China's devaluing yen, could you link me to a source?
Re: China Moves to Devalue Yuan
#7China is devaluing yuan for quite a while, but usually more smoothly. Will this that do the trick or there is problem in fundamentals? Like debt is growing too fast comparing to rest of the economy. Moreover, will China start making transition from cheap labour, efficiency based economy to innovation based one. Does government is aware of that challenge or they try to execute strategy for old model, that used to work…
As long as the government doesn't allow unobstructed access to foreign websites that aren't even remotely related to politics I don't see that transition any time soon.
Re: China Moves to Devalue Yuan
#8China is devaluing yuan for quite a while, but usually more smoothly. Will this that do the trick or there is problem in fundamentals? Like debt is growing too fast comparing to rest of the economy. Moreover, will China start making transition from cheap labour, efficiency based economy to innovation based one. Does government is aware of that challenge or they try to execute strategy for old model, that used to work…
> China is devaluing yen Typo? If China's devaluing yen, could you link me to a source?
I assume he meant yuan.
Re: China Moves to Devalue Yuan
#9China is devaluing yuan for quite a while, but usually more smoothly. Will this that do the trick or there is problem in fundamentals? Like debt is growing too fast comparing to rest of the economy. Moreover, will China start making transition from cheap labour, efficiency based economy to innovation based one. Does government is aware of that challenge or they try to execute strategy for old model, that used to work…
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Re: China Moves to Devalue Yuan
#10The PRC has had a historical policy of linking the RMB to the dollar. That made sense when they were primarily reliant on exports to the US, but now that their exports are diversified and they have massive domestic demand, a float and inflation peg like we have in the US is a much more sensible policy.
The US dollar has an absurdly high valuation, so the sensible thing for the RMB (and most other currencies) is to devalue with respect to USD.
Tyler Cowen has a broader and more pessimistic view, my point is captured in his point 6: http://marginalrevolution.com/marginalrevolution/2015/08/six...