中国人老是爱做这种偷机摸狗的是事,哎!
Last week the People’s Daily, an English-language Chinese paper, reported surprisingly specific plans to revalue the currency, only to quickly retract its story, claiming a translation error. However, some observers wondered if the publication had in fact been used by the Chinese government to test the waters.
First, it is highly unlikely that the yuan will be allowed to rise very far; even optimists expect a revaluation only in the range of 3-10%, which will still leave the currency seriously undervalued.
As protectionist sentiment grow...