Comments on: Renminbi Passes 7:1 Mark Against US Dollar http://cupofcha.com/2008/04/05/renminbi-passes-71-mark.html This is China Sun, 07 Sep 2008 02:52:40 +0000 http://wordpress.org/?v=2.5.1 By: Turtlewind http://cupofcha.com/2008/04/05/renminbi-passes-71-mark.html#comment-1066 Turtlewind Mon, 07 Apr 2008 03:50:41 +0000 http://cupofcha.com/2008/04/05/renminbi-passes-71-mark.html#comment-1066 A point that a lot of Americans miss is that the RMB isn't actually rising against other major currencies - it's still falling against the Euro, for example. The RMB's appreciation is more than compensated by the falling US dollar, meaning that it is becoming even more undervalued than it was before. A point that a lot of Americans miss is that the RMB isn’t actually rising against other major currencies - it’s still falling against the Euro, for example. The RMB’s appreciation is more than compensated by the falling US dollar, meaning that it is becoming even more undervalued than it was before.

]]> By: nanheyangrouchuan http://cupofcha.com/2008/04/05/renminbi-passes-71-mark.html#comment-1060 nanheyangrouchuan Sat, 05 Apr 2008 23:28:07 +0000 http://cupofcha.com/2008/04/05/renminbi-passes-71-mark.html#comment-1060 "Once we reach that point, it’s hard to imagine that a fully floating currency and the end to capital controls would not be soon to follow." Only Beijing is going to decide that, and seeing as how they are so obsessed with controlling everything else, I have no doubt that there will be full hands on control of the currency exchange rate for the forseeable future. “Once we reach that point, it’s hard to imagine that a fully floating currency and the end to capital controls would not be soon to follow.”

Only Beijing is going to decide that, and seeing as how they are so obsessed with controlling everything else, I have no doubt that there will be full hands on control of the currency exchange rate for the forseeable future.

]]> By: ERIC http://cupofcha.com/2008/04/05/renminbi-passes-71-mark.html#comment-1057 ERIC Sat, 05 Apr 2008 06:23:04 +0000 http://cupofcha.com/2008/04/05/renminbi-passes-71-mark.html#comment-1057 it is not really a coincidence that Henry Paulson should come when the RMB breaks 7. it most definitely helps me paying for college! it is not really a coincidence that Henry Paulson should come when the RMB breaks 7.
it most definitely helps me paying for college!

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