Obama and the Rmb parlour game

As mentioned in this letter last issue, pressure on the renminbi to appreciate is building. What’s more, from a whole host of angles, allowing a modest, one-off appreciation (say 2%) would be the smart thing to do. But trumping all such wise arguments is one simple reason why a revaluation is unlikely for now. That is…Barack Obama arrives in Beijing next week.

China Confidential Funds

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Other Articles on this Issue

• Postcard From No 528

  What’s hot and what’s not?

• Capital Intensive China

  Building the African relationship

• The Big Call

  China-Africa: Changing Destinies

• Financial China

  China’s biggest bank, ICBC, goes global

  ICBC Key Financials

  ICBC bolsters fee income

• Funds Data

  Emerging market investors turn risk averse

• Guest Column

  Department stores: profits under pressure

• The Best of Chinese Commentators

  2010

  Property market boosters to continue?

• Consumer China

  E-commerce

  Taobao

  Online payment

  Alibaba – some way to run

• View issue