This Economist article gives a lucid analysis of the current situation China now finds herself in:-
“The bind they're in is an impossible one. If China (and other dollar holders) do not adjust their currencies, they can expect no relief from the inflation that's recently attacked their economies. At the same time, continued depreciation of the RMB agains…
Keep reading with a 7-day free trial
Subscribe to Asia Sentinel to keep reading this post and get 7 days of free access to the full post archives.