ChineseEnglish
+ Stocks
+ Futures
+ PE
+ China Economy
+ World Economy
 
Home > Investment Memo > China Economy
 
Yuan Undervalued, in Politics or Economics Terms?
Author£ºMaogeUpdate£º2010/3/23 16:10:10¡¡Browse£º505525
Over weeks, Chinese currency value was under grill, and it was at the burning point on March 15th when 130 US Congressmen in a letter accused China of artificially manipulating its currency, RMB, value low.

In the West, it is said that RMB is undervalued by 25 to 40% to U$ and other currencies. And in the US, an estimate of 41% devalued against U$ by Peterson Institute was widely picked up. Here is a question, how were the numbers figured out? Since RMB is nonconvertible at the moment, there is not a market for RMB valued by supply and demand, so all the figures must be calculated by an assumption. As a Consequence, a bias assumption could not be avoided while an exchange rate is put at front of a country¡¯s interest.

In addition, it matters in considering Yuan value from the angle one stands. For example, Economist (March 17th) cited again the so-called Big Mac Index showing its readers yuan is 49% below its fair-value benchmark with U$. I have 2 questions: 1) while looking at Big Mac price, why Economist forgot Mac¡¯s labor cost in China? 2) why didn't Economist pick up Costa Coffee¡¯s China prices as instead to show its readers?

The conclusion is arbitrary for a political purpose in the letter that the US politicians blamed China for maintaining Yuan devalued from the US-China trade deficit only. Similarly, any figures above calculated could not be more than a political purpose either. 

No one denies Chinese currency has been a political issue for a long time. It is no surprise that it is now becoming hot button again. As Jim O¡¯Neill puts ¡°it¡¯s unfortunate that we (the West) have so much political angst around this.¡±  since Yuan ¡°actually isn¡¯t particularly undervalued anymore¡±. 

Is Yuan undervalued? It depends on your looking at it in a Politics way or an Economics way.

1 wtaletwtjd 2025/2/10 1:10:45
accutane asian skin  <a href=https://accutanegrc.com/>best accutane online</a>  after accutane sun exposure  
 
calamine lotion accutane  https://accutanegrc.com/ - low dose accutane
2 Garamurn 2025/2/8 14:15:18
canada pharmacy ziana skn https://duncans.tv/how-to-track-an-iphone-without-an-app/ hiplistsaid 
puuduvat https://www.producthunt.com/@triumcan canadian pharmacy nurx vaniqa 
canada pharmacy price of kisqali https://ballet31.ru/kanadskaya-onlajn-apteka/ samja 
psychic https://webranksite.com/communication-skills-a-vehicle-on-the-road-to-success/ canada pharmacy zofran dogs 
canada pharmacy why is sucralfate so expensive https://sadovod69.ru/kachestvennye-lekarstvennye-preparaty-rukovodstvo-po-vyboru-i-ispolzovaniju/ §Ü§Ñ§ß§Ñ§Ý§Ñ
3 Aida 2025/1/22 22:50:51
Hello Guys,
Only if you really think about &#1041£»&#1077£»&#1079£»&#1076£»&#1077£»&#1087£»&#1086£»&#1079£»&#1080£»&#1090£»&#1085£»&#1099£»&#1077£» &#1073£»&#1086£»&#1085£»&#1091£»&#1089£»&#1099£»?!


We have more detailed information about &#1041£»&#1077£»&#1079£»&#1076£»&#1077£»&#1087£»&#1086£»&#1079£»&#1080£»&#1090£»&#1085£»&#1099£»&#1081£» &#1073£»&#1086£»&#1085£»&#1091£»&#1089£»

Please visit our site about &#1041£»&#1077£»&#1079£»&#1076£»&#1077£»&#1087£»&#1086£»&#1079£»&#1080£»&#1090£»&#1085£»&#1099£»&#1077£» &#1073£»&#1086£»&#1085£»&#1091£»&#1089£»&#1099£» or please click https://casino-website.fun for Sign up 
for a free consultation now!

visit our website about &#1041£»&#1077£»&#1079£»&#1076£»&#1077£»&#1087£»&#1086£»&#1079£»&#1080£»&#1090£»&#1085£»&#1099£»&#1081£» &#1073£»&#1086£»&#1085£»&#1091£»&#1089£» or please click https://casino-website.fun

Our site have tag''s: &#1041£»&#1077£»&#1079£»&#1076£»&#1077£»&#1087£»&#1086£»&#1079£»&#1080£»&#1090£»&#1085£»&#1099£»&#1077£» &#1073£»&#1086£»&#1085£»&#1091£»&#1089£»&#1099£», &#1041£»&#1077£»&#1079£»&#1076£»&#1077£»&#1087£»&#1086£»&#1079£»&#1080£»&#1090£»&#1085£»&#1099£»&#1081£» &#1073£»&#1086£»&#1085£»&#1091£»&#1089£»,
&#1041£»&#1077£»&#1079£»&#1076£»&#1077£»&#1087£»&#1086£»&#1079£»&#1080£»&#1090£»&#1085£»&#1099£»&#1077£» &#1073£»&#1086£»&#1085£»&#1091£»&#1089£»&#1099£», &#1041£»&#1077£»&#1079£»&#1076£»&#1077£»&#1087£»&#1086£»&#1079£»&#1080£»&#1090£»&#1085£»&#1099£»&#1077£» &#1073£»&#1086£»&#1085£»&#1091£»&#1089£»&#1099£»,
&#1041£»&#1077£»&#1079£»&#1076£»&#1077£»&#1087£»&#1086£»&#1079£»&#1080£»&#1090£»&#1085£»&#1099£»&#1081£» &#1073£»&#1086£»&#1085£»&#1091£»&#1089£», &#1041£»&#1077£»&#1079£»&#1076£»&#1077£»&#1087£»&#1086£»&#1079£»&#1080£»&#1090£»&#1085£»&#1099£»&#1081£» &#1073£»&#1086£»&#1085£»&#1091£»&#1089£», &#1041£»&#1077£»&#1079£»&#1076£»&#1077£»&#1087£»&#1086£»&#1079£»&#1080£»&#1090£»&#1085£»&#1099£»&#1077£» &#1073£»&#1086£»&#1085£»&#1091£»&#1089£»&#1099£», 
&#1041£»&#1077£»&#1079£»&#1076£»&#1077£»&#1087£»&#1086£»&#1079£»&#1080£»&#1090£»&#1085£»&#1099£»&#1081£» &#1073£»&#1086£»&#1085£»&#1091£»&#1089£», &#1041£»&#1077£»&#1079£»&#1076£»&#1077£»&#1087£»&#1086£»&#1079£»&#1080£»&#1090£»&#1085£»&#1099£»&#1077£» &#1073£»&#1086£»&#1085£»&#1091£»&#1089£»&#1099£»,
&#1041£»&#1077£»&#1079£»&#1076£»&#1077£»&#1087£»&#1086£»&#1079£»&#1080£»&#1090£»&#1085£»&#1099£»&#1081£» &#1073£»&#1086£»&#1085£»&#1091£»&#1089£», &#1041£»&#1077£»&#1079£»&#1076£»&#1077£»&#1087£»&#1086£»&#1079£»&#1080£»&#1090£»&#1085£»&#1099£»&#1081£» &#1073£»&#1086£»&#1085£»&#1091£»&#1089£», &#1041£»&#1077£»&#1079£»&#1076£»&#1077£»&#1087£»&#1086£»&#1079£»&#1080£»&#1090£»&#1085£»&#1099£»&#1081£» &#1073£»&#1086£»&#1085£»&#1091£»&#1089£», &#1041£»&#1077£»&#1079£»&#1076£»&#1077£»&#1087£»&#1086£»&#1079£»&#1080£»&#1090£»&#1085£»&#1099£»&#1081£» &#1073£»&#1086£»&#1085£»&#1091£»&#1089£», 
&#1041£»&#1077£»&#1079£»&#1076£»&#1077£»&#1087£»&#1086£»&#1079£»&#1080£»&#1090£»&#1085£»&#1099£»&#1077£» &#1073£»&#1086£»&#1085£»&#1091£»&#1089£»&#1099£»,

And some other and guaranteed information.
Thanks for your attention.
Have a good day.
Thanks
4 ttaletsczq 2025/1/19 5:03:34
provigil memory problems  <a href=https://canadiangdx.com/>provigil discounts</a>  provigil recreational dose  
 
what schedule drug is provigil  https://canadiangdx.com/ - adderall and provigil
5 Rosemarie 2025/1/14 18:08:31
Good Day Guys,
Only if you really think about &#1041£»&#1077£»&#1079£»&#1076£»&#1077£»&#1087£»&#1086£»&#1079£»&#1080£»&#1090£»&#1085£»&#1099£»&#1077£» &#1073£»&#1086£»&#1085£»&#1091£»&#1089£»&#1099£»?!


We have more detailed information about &#1041£»&#1077£»&#1079£»&#1076£»&#1077£»&#1087£»&#1086£»&#1079£»&#1080£»&#1090£»&#1085£»&#1099£»&#1077£» &#1073£»&#1086£»&#1085£»&#1091£»&#1089£»&#1099£» &#1079£»&#1072£» &#1088£»&#1077£»&#1075£»&#1080£»&#1089£»&#1090£»&#1088£»&#1072£»&#1094£»&#1080£»&#1102£» &#1074£» &#1082£»&#1072£»&#1079£»&#1080£»&#1085£»&#1086£»

Please visit our internet portal about &#1041£»&#1077£»&#1079£»&#1076£»&#1077£»&#1087£»&#1086£»&#1079£»&#1080£»&#1090£»&#1085£»&#1099£»&#1077£» &#1073£»&#1086£»&#1085£»&#1091£»&#1089£»&#1099£» &#1079£»&#1072£» &#1088£»&#1077£»&#1075£»&#1080£»&#1089£»&#1090£»&#1088£»&#1072£»&#1094£»&#1080£»&#1102£» &#1074£» &#1082£»&#1072£»&#1079£»&#1080£»&#1085£»&#1086£» or please click https://avtomati-bonusi.website for Sign up for a free consultation now!


visit our site about &#1041£»&#1077£»&#1079£»&#1076£»&#1077£»&#1087£»&#1086£»&#1079£»&#1080£»&#1090£»&#1085£»&#1099£»&#1081£» 
&#1073£»&#1086£»&#1085£»&#1091£»&#1089£» or please click https://avtomati-bonusi.website

Our site have tag''s: &#1042£» &#1082£»&#1072£»&#1082£»&#1086£»&#1084£» &#1082£»&#1072£»&#1079£»&#1080£»&#1085£»&#1086£» &#1076£»&#1072£»&#1102£»&#1090£» &#1076£»&#1077£»&#1085£»&#1100£»&#1075£»&#1080£» &#1079£»&#1072£» 
&#1088£»&#1077£»&#1075£»&#1080£»&#1089£»&#1090£»&#1088£»&#1072£»&#1094£»&#1080£»&#1102£» &#1073£»&#1077£»&#1079£» &#1076£»&#1077£»&#1087£»&#1086£»&#1079£»&#1080£»&#1090£»&#1072£», &#1073£»&#1077£»&#1079£»&#1076£»&#1077£»&#1087£»&#1086£»&#1079£»&#1080£»&#1090£»&#1085£»&#1099£»&#1077£» &#1073£»&#1086£»&#1085£»&#1091£»&#1089£»&#1099£» &#1079£»&#1072£» &#1088£»&#1077£»&#1075£»&#1080£»&#1089£»&#1090£»&#1088£»&#1072£»&#1094£»&#1080£»&#1102£» &#1074£» &#1082£»&#1072£»&#1079£»&#1080£»&#1085£»&#1086£» &#1089£» &#1074£»&#1099£»&#1074£»&#1086£»&#1076£»&#1086£»&#1084£», &#1041£»&#1077£»&#1079£»&#1076£»&#1077£»&#1087£»&#1086£»&#1079£»&#1080£»&#1090£»&#1085£»&#1099£»&#1077£» 
&#1073£»&#1086£»&#1085£»&#1091£»&#1089£»&#1099£», &#1041£»&#1077£»&#1079£»&#1076£»&#1077£»&#1087£»&#1086£»&#1079£»&#1080£»&#1090£»&#1085£»&#1099£»&#1077£» &#1073£»&#1086£»&#1085£»&#1091£»&#1089£»&#1099£», &#1073£»&#1077£»&#1079£»&#1076£»&#1077£»&#1087£»&#1086£»&#1079£»&#1080£»&#1090£»&#1085£»&#1099£»&#1077£» &#1073£»&#1086£»&#1085£»&#1091£»&#1089£»&#1099£» &#1079£»&#1072£» &#1088£»&#1077£»&#1075£»&#1080£»&#1089£»&#1090£»&#1088£»&#1072£»&#1094£»&#1080£»&#1102£» &#1074£» &#1082£»&#1072£»&#1079£»&#1080£»&#1085£»&#1086£» 
&#1089£» &#1074£»&#1099£»&#1074£»&#1086£»&#1076£»&#1086£»&#1084£», &#1042£» &#1082£»&#1072£»&#1082£»&#1086£»&#1084£» &#1082£»&#1072£»&#1079£»&#1080£»&#1085£»&#1086£» 
&#1076£»&#1072£»&#1102£»&#1090£» &#1076£»&#1077£»&#1085£»&#1100£»&#1075£»&#1080£» &#1079£»&#1072£» &#1088£»&#1077£»&#1075£»&#1080£»&#1089£»&#1090£»&#1088£»&#1072£»&#1094£»&#1080£»&#1102£» 
&#1073£»&#1077£»&#1079£» &#1076£»&#1077£»&#1087£»&#1086£»&#1079£»&#1080£»&#1090£»&#1072£», &#1041£»&#1077£»&#1079£»&#1076£»&#1077£»&#1087£»&#1086£»&#1079£»&#1080£»&#1090£»&#1085£»&#1099£»&#1077£» &#1073£»&#1086£»&#1085£»&#1091£»&#1089£»&#1099£», &#1041£»&#1077£»&#1079£»&#1076£»&#1077£»&#1087£»&#1086£»&#1079£»&#1080£»&#1090£»&#1085£»&#1099£»&#1077£» 
&#1073£»&#1086£»&#1085£»&#1091£»&#1089£»&#1099£» &#1079£»&#1072£» &#1088£»&#1077£»&#1075£»&#1080£»&#1089£»&#1090£»&#1088£»&#1072£»&#1094£»&#1080£»&#1102£» &#1074£» &#1082£»&#1072£»&#1079£»&#1080£»&#1085£»&#1086£», 
&#1050£»&#1072£»&#1082£»&#1080£»&#1077£» &#1072£»&#1074£»&#1090£»&#1086£»&#1084£»&#1072£»&#1090£»&#1099£» &#1076£»&#1072£»&#1102£»&#1090£» &#1076£»&#1077£»&#1085£»&#1100£»&#1075£»&#1080£» &#1079£»&#1072£» &#1088£»&#1077£»&#1075£»&#1080£»&#1089£»&#1090£»&#1088£»&#1072£»&#1094£»&#1080£»&#1102£» &#1073£»&#1077£»&#1079£» &#1076£»&#1077£»&#1087£»&#1086£»&#1079£»&#1080£»&#1090£»&#1072£», &#1050£»&#1072£»&#1082£»&#1080£»&#1077£» &#1072£»&#1074£»&#1090£»&#1086£»&#1084£»&#1072£»&#1090£»&#1099£» &#1076£»&#1072£»&#1102£»&#1090£» &#1076£»&#1077£»&#1085£»&#1100£»&#1075£»&#1080£» &#1079£»&#1072£» &#1088£»&#1077£»&#1075£»&#1080£»&#1089£»&#1090£»&#1088£»&#1072£»&#1094£»&#1080£»&#1102£» &#1073£»&#1077£»&#1079£» 
&#1076£»&#1077£»&#1087£»&#1086£»&#1079£»&#1080£»&#1090£»&#1072£», &#1042£» &#1082£»&#1072£»&#1082£»&#1086£»&#1084£» &#1082£»&#1072£»&#1079£»&#1080£»&#1085£»&#1086£» &#1076£»&#1072£»&#1102£»&#1090£» &#1076£»&#1077£»&#1085£»&#1100£»&#1075£»&#1080£» 
&#1079£»&#1072£» &#1088£»&#1077£»&#1075£»&#1080£»&#1089£»&#1090£»&#1088£»&#1072£»&#1094£»&#1080£»&#1102£» &#1073£»&#1077£»&#1079£» &#1076£»&#1077£»&#1087£»&#1086£»&#1079£»&#1080£»&#1090£»&#1072£», &#1041£»&#1077£»&#1079£»&#1076£»&#1077£»&#1087£»&#1086£»&#1079£»&#1080£»&#1090£»&#1085£»&#1099£»&#1077£» &#1073£»&#1086£»&#1085£»&#1091£»&#1089£»&#1099£» &#1079£»&#1072£» &#1088£»&#1077£»&#1075£»&#1080£»&#1089£»&#1090£»&#1088£»&#1072£»&#1094£»&#1080£»&#1102£» &#1074£» &#1082£»&#1072£»&#1079£»&#1080£»&#1085£»&#1086£», &#1041£»&#1077£»&#1079£»&#1076£»&#1077£»&#1087£»&#1086£»&#1079£»&#1080£»&#1090£»&#1085£»&#1099£»&#1077£» &#1073£»&#1086£»&#1085£»&#1091£»&#1089£»&#1099£» &#1079£»&#1072£» &#1088£»&#1077£»&#1075£»&#1080£»&#1089£»&#1090£»&#1088£»&#1072£»&#1094£»&#1080£»&#1102£» &#1074£» &#1082£»&#1072£»&#1079£»&#1080£»&#1085£»&#1086£», 
&#1041£»&#1077£»&#1079£»&#1076£»&#1077£»&#1087£»&#1086£»&#1079£»&#1080£»&#1090£»&#1085£»&#1099£»&#1077£» &#1073£»&#1086£»&#1085£»&#1091£»&#1089£»&#1099£»,

And some other and guaranteed information.
Thanks for your attention.
Have a good day.
Thanks
6 btaletxvbr 2025/1/12 23:21:12
does prednisone reduce sinus inflammation  <a href=https://canadianaidkit.com/>where to get prednisone online</a>  alcohol while on prednisone  
 
prednisone taper schedule 40 mg  https://canadianaidkit.com - prednisone review
7 btaletoaax 2025/1/1 18:18:38
provigil makers  <a href=https://canadianphrmx.com/>provigil buy online</a>  provigil focus  
 
what will provigil do for me  https://canadianphrmx.com/ - prescription provigil online
8 gtaletyjft 2024/12/16 19:47:51
what happens if you stop taking prednisone  <a href=https://prednisonera.com/>ordering prednisone online</a>  prednisone for vasculitis  
 
does prednisone cause hair loss  https://prednisonera.com/ - cheap prednisone online
9 Abbey 2024/9/28 8:12:50
Hello Guys,
Only if you really think about pin-up?!

We have more detailed information about https://socialtrain.stage.lithium.com/t5/user/viewprofilepage/user-id/93905

Please visit our site about https://www.vevioz.com/ggbethuggbet or please click https://www.sutori.com/en/user/ggbethu-ggbet for 
Sign up for a free consultation now!

visit our internet portal about http://prsync.com/ggbethuggbet/ or please click https://varecha.pravda.sk/profil/ggbetbrgg/o-mne/

Our site have tag''s: Pin-up, pin-up, pin-up, pin-up, pin-up, pin-up, 
pin-up, pin-up, pin-up, pin-up, pin-up, pin-up, pin-up,
pin-up,

And some other and guaranteed information.
Thanks for your attention.
Have a good day.
Thanks
10 Erasmarge 2024/9/22 3:45:59
<a href=https://enhanceyourlife.mom/>priligy where to buy</a> Right essay posting service canada Reddit
Total 15 | 1-2Pages | First Prev Next Last Goto£º
Comments
Username£º Visitors
TIPS: Please express your personal view on civilization and law-abiding attention to£¡£¨200 characters or fewer£©
 
COPYRIGHT © 2009 Shanghai Baopu Investment Co. Ltd ALL RIGHTS RESERVED