China is finally prepared to let the renminbi resume its slow but steady upward march. We can now expect the renminbi to begin appreciating again, very gradually, against the dollar, as it did between 2005 and 2007.
En fin de compte, lentement mais sûrement, la Chine s’apprête à amorcer une remontée très progressive du renminbi, qui devrait, comme entre 2005 et 2007, s’apprécier vis-à-vis du dollar.