China Tells

The debate on whether RMB shall appreciate to address the imbalance in global economy is getting attentions not only from industry but also from academy. A recent voice is from Mr. Lin Yifu, the first Chinese economist of World Bank. (See article from WSJ). According to Mr. Lin Yifu, the appreciation of RMB won’t help in re-balancing the world economy or walking the main economy out of recession. Such a comment is in sharp contrast to some of the views from Western Media and other economists (See Article from Chinatells). Based on the opinions from the opposite camp, the under valuation of RMB is the culprit of the current global economy imbalance and the rebalance won’t return until Yuan is revalued.