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Thread: China needn't accelerate the appreciation of the RMB?
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[quote=APAULT,317999]Most definitely China should not be concerned about its value relative to any single currency and economy...and that is what the government changed about 3 years ago. It is now being valued against a small 'basket' of currencies. The US is only concerned about itself and will use all the free market arguments it can - while maintaining many subsidies and other market distortions. Australia has a very open economy yet I have never heard any complaint from here. China should continue to do what it is doing...choosing policies which benefit China, while ensuring they take into account the world economy. That means continue with a slow and steady appreciation of the RMB.[/quote]
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