The renminbi has appreciated sharply over the past several years, exports are sagging, and the risk of deflation is growing. Under these circumstances, many suggest that a reversal in Chinese currency policy to weaken the renminbi is the most logical course.
纽黑文—放眼全球，货币战争肆虐，而中国可谓首当其冲。人民币在过去几年中大幅升值，出口出现下滑，通缩风险日益增加。在这样的环境下，许多人认为中国改变货币政策、促使人民币贬值是最合乎逻辑的动作。大错特错。